Similarly, silico-manganese prices remained stable at €1,240-1,320/t ddp on sluggish appetite for fresh spot bookings.

The 2210 ferrosilicon contract price on ZCE closed at 7906 yuan per ton on September 5.

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European market leader ArcelorMittal is idling blast furnace A at its Asturias plant in Spain in response to weak demand.

The producer will also stop a direct reduction plant in Hamburg, where it produces wire rod, from the fourth quarter.

The traditional peak season in September has arrived, and many people in the industry were optimistic about it.

The 2210 ferrosilicon contract price on ZCE closed at 7764 yuan per ton on September 2.