In October 2021, the top three import sources of ferrosilicon (Si ≤ 55%) in the United States were Canada, Russia and Slovakia.

Prices have surged this year mainly because of a global power crisis, which added further pressure on current supply constraints for ferroalloys.

This is the details of China ferroalloys customs export and import tariff in 2022,and enforced from January 1st, 2022.

Demand also remains strong in Europe, with end user first-quarter tenders for over 3,000t and suppliers struggling to respond.

Production output for the quarter ended 30 September 2021 of 33,453 tonnes of ferrosilicon (“FeSi”), 59,307 tonnes of manganese alloys (silicomanganese (“SiMn”)) and 34,542 tonnes of manganese sinter ore.

US ferro-silicon (75pc) prices increased to $2.60-2.80/lb from $2.20-2.30/lb on 30 September.

The tone of steel bidding in September was established last Friday with the bidding price of HBIS Group at 10700 yuan per ton.

More buying interest from steelmakers is expected in the next few weeks and there should be an increase in inter-merchant trading in that time.