Chinese producers want to cut production volume in order to save price dropping in this week.

The prices of ferroalloys dropped over 10% in one week, and the producers of ferroalloys in China discussed online to cut down output by 40-50% right now to save market. details as per

The 2205 ferrosilicon contract price on ZCE closed at 8776 yuan per ton on May 19.

From January to April 2022, South Korea imported 70642.00 tons of ferrosilicon (Containing by weight more than 55 % of silicon).

South Korea ferrosilicon (Si>55%) imports decrease 12.83% in April 2022.

Efforts should also be made to ensure stable supplies and prices, he said.

The China Iron and Steel Association's cornerstone plan will also further ensure domestic energy security.

Industry ramps up efforts for technological upgrades, intelligent and green manufacturing transformation.