Tender notice of March is coming and we hope that new round of tender would boost the market confidence.

Ferrosilicon futures 2005 contract close at 5716 on Friday February 28.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 154.4 million tonnes (Mt) in January 2020, a 2.1% increase compared to January 2019.

Japan imported 973.9 tons of ferrosilicon (≤55%) in January, 2020.

Through 2019, Ordos City (Inner Mongolia, China) Ferrosilicon Production was 1162 thousand tons.

Japan imported 39578.141 tons of ferrosilicon (>55%) in January.

Ferrosilicon futures 2005 contract close at 5720 on Thursday February 27.

"Japan's construction demand has slowed after completion of Olympic infrastructure," a Japanese trader said.