Global crude steel production in May increased by 16.5% year-on-year

China’s total output of high-carbon ferro-chrome was approximately 490,000 tonnes in June.

Price assessment for ferro-silicon 75% Si min, cif Japan widened upward to $1,900-2,000 per tonne on June 30, up by 1.31% from $1,900-1,950 per tonne on June 23.

The 2109 ferrosilicon contract price on ZCE closed at 8282

The high-grade manganese ore market rose as a result of buyers booking August-shipment material at higher prices compared with the previous month.

News that several major producers had withdrawn from spot trading due to supply shortages has further strengthened China’s spot ferro-chrome market, sending spot prices in the week to Tuesday June 29 to their highest point since April.

Ferroalloys Futures Daily Report (7/6/2021).

The company plans to ramp up its production in stages, given the constrained manpower environment and its focus on prioritising employee safety.