Japan and the US remained Vietnam's top two suppliers and accounted for 58pc of total imports in September.

Steel shipments from US mills fell in August as the market continued to deal with declining prices.

The 2211 ferrosilicon contract price on ZCE closed at 8294 yuan per ton on October 21.

However, the tender price was lower in the later stage, and the volume was reduced.

Multiple producers have faced that tough choice in recent months.

Increased light vehicle production through the second half of 2022 over the first half of the year will increase availability for prime steel scrap.

The 2211 ferrosilicon contract price on ZCE closed at 8312 yuan per ton on October 19.

Down 2.1 Percent YTD in 2022 from Same Period in 2021.