Steel company ArcelorMittal said recently that it expected global steel consumption to shrink this year.

The 2205 ferrosilicon contract price on ZCE closed at 9144 yuan per ton on May 9.

After returning from the May Day holiday, the ferrosilicon futures continued to decline rapidly.

US hot-rolled coil (HRC) prices edged down recently as mills tried to maintain prices, but some lower offers were reported in the market.

The 2205 ferrosilicon contract price on ZCE closed at 9240 yuan per ton on May 6.

The 2205 ferrosilicon contract price on ZCE closed at 9750 yuan per ton on May 5.

The 2205 ferrosilicon contract price on ZCE closed at 9964 yuan per ton on April 29.

The market was not stimulated by positive or negative news, and there was a strong sense of cautious wait-and-see.