Higher raw materials price and bidding price, tight spot and strong futures market, the ferrosilicon spot market remain strong this week.

The 2105 ferrosilicon contract price on ZCE closed at 7200 yuan per ton on December 25.

China's steel industry is expected to keep growing in 2021.

U.S. imported a total of 1,370,000 net tons (NT) of steel in November 2020.

The 2105 ferrosilicon contract price on ZCE closed at 6982 yuan per ton on December 23.

The 2105 ferrosilicon contract price on ZCE closed at 6920 yuan per ton on December 24.

According to the mentioned website, in 2019, Iran ranked 159th among the world’s top 196 countries in terms of importing crude steel (ingots), IRNA reported.

The 2101 ferrosilicon contract price on ZCE closed at 6742 yuan per ton on December 22.