The 2211 ferrosilicon contract price on ZCE closed at 7998 yuan per ton on October 24.

Market participants report significant advancements after Brazilian electricity regulator Aneel approved temporary rules for a new demand response program, but say there is still room for improvement.

China exports 527400.77 tons of ferrosilicon (Si>55%) from January to September 2022.

China exports 43248.486 tons of ferrosilicon (Si>55%) in September 2022.

China exports 19839.577 tons of ferrosilicon (Si≤55%) from January to September 2022.

UK-Australian mining firm Rio Tinto expects to come in at the bottom of its 320mn-335mn t guidance for 2022.

The US shipped 139,162t to China in August, 88.8pc lower than a year earlier and 51.8pc lower than July.

Volumes on the CME Group's north European hot-rolled coil (HRC) contract have already doubled compared to 2021.