Engineering and mining contracting firm Murray & Roberts’ (M&R’s) Mining platform says its order book has recovered to pre-pandemic levels.

HBIS Group made the first round of inquiry of 9300 RMB/MT for the ferrosilicon 75B tender price in June.

But there were other changes in the quotas, many of which have seemingly gone unnoticed.

After India imposed a high export tariff, the iron ore price in Orissa plummeted by nearly 20% in the auction due to the sluggish domestic steel demand in India.

Since the beginning of this year, foreign demands for Chinese ferrosilicon increased significantly.

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The 2205 ferrosilicon contract price on ZCE closed at 9902 yuan per ton on June 8.