All these factors will support a surge in steel consumption in the third and fourth quarters of this year, the VSA added.

In April, the domestic ferrosilicon market continued its weak trend, with Futures fluctuating and falling below a new low for the year.

A Weekly Review of Manganese Alloy Market （4.23-4.28）

The 2306 ferrosilicon contract price on ZCE closed at 7310 yuan per ton on April 27.

The 2306 ferrosilicon contract price on ZCE closed at 7362 yuan per ton on April 26.

Nickel demand to increase to 3.13 million tons in 2023, supply to increase to 3.37 million tons.

US exports to China totalled 439,924t in February, more than trebling compared with a year earlier.

The 2306 ferrosilicon contract price on ZCE closed at 7352 yuan per ton on April 25.