Earlier this year, the association had forecast steel demand to drop by 1.7% in 2022.

Most of the capital goods in China posted lower prices in late October compared with mid-October, official data showed Friday.

The location of the second planned mill has not been announced.

Vietnam spent nearly 10.3 billion U.S. dollars importing roughly 9.8 million tons of steel and iron in the first 10 months of this year.

The 2211 ferrosilicon contract price on ZCE closed at 8370 yuan per ton on November 8.

The 2211 ferrosilicon contract price on ZCE closed at 8378 yuan per ton on November 7.

The Ferrosilicon Futures rose straightly this week.

The 2211 ferrosilicon contract price on ZCE closed at 8438 yuan per ton on November 4.