The US Department of Commerce adopted a final rule Sept. 11 to modernize the Steel Import Monitoring and Analysis (SIMA) system, it said in a statement.

The 2010 ferrosilicon contract price on ZCE closed at 5614 yuan per ton on September 18.

This week, the ferrosilicon market continued to maintain stable operation.

Only 18% of respondents expected their iron ore requirements to increase in Q4.

Strong demand from the property sector was lending some support to long steel, aluminum and copper markets in September, market sources said.

Market sources were not surprised by the announcement.

The plant can produce 300,000 mt/year of hot rolled coils and 160,000 mt/year of pickled and oiled coils.

The 2010 ferrosilicon contract price on ZCE closed at 5644 yuan per ton on September 17.