After the Spring Festival holiday, ferrosilicon spot market gradually returned to normal operation.

The 2105 ferrosilicon contract price on ZCE closed at 7224 yuan per ton on February 19.

On a month on month basis, the CPI rose by 1.0% in January, 0.3 percentage points higher than that of last month.

The campaign will last until the end of March.

The 2105 ferrosilicon contract price on ZCE closed at 7338 yuan per ton on February 18.

The 2105 ferrosilicon contract price on ZCE closed at 6814 yuan per ton on February 8.

On February 3, the daily turnover of steel in China was 18300 tons,lower than 100000 tons per day for 9 consecutive days and 50000 tons per day for 5 consecutive days.

Nippon Steel today revised up its projected crude steel output to 33.2mn t for the April 2020-March 2021 fiscal year from an earlier forecast 32.7mn t.