At present, ferrosilicon market is still in short supply, and manufacturers have no inventory pressure for the time being.

The Shanxi government also plans to reduce the number of coal mines to no more than 900 by the end of this year.

The 2009 ferrosilicon contract price on ZCE closed at 5864 yuan per ton on June 5.

European Commission said in a notice “It is fundamental that the gradual resumption of activity and return to normality take place in an orderly manner, in such a way that all participants in the EU steel market find their traditional place.

Ferroglobe's combined silicon and manganese alloys shipments in 2019 slid 15% year on year to 926,077 mt as the company continued to face pricing and volume pressures in the fourth quarter, its CEO Marco Levi said.

The 2009 ferrosilicon contract price on ZCE closed at 5850 yuan per ton on June 3.

The 2009 ferrosilicon contract price on ZCE closed at 5818 yuan per ton on June 2.

The overall HRC quota volume is not radically reduced by the move, but some integral exporters – including Turkey – will take a hit.