China's August output reached 233,300t, up by 7.56pc from July, according to data from the China Nonferrous Metals Industry Association.

No firm date was given for the introduction of the planned changes.

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.

The manufacturer's confidence was very good, and the market was mainly strong.

At present, "out of stock" is still the main theme.

“We do have fewer blast furnaces as a percentage of our steelmaking in the United States,” Anderson noted.

US ferro-silicon market continued to trend upward in the week ending on August 20, 2021.

The spot price moved higher for the first time in three weeks, hitting a record high since Fastmarkets started assessing the market in January 1997.