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

The sentiment for finished steel prices continued to slide as the November scrap buy week was underway, according to the most recent S&P Global Commodity Insights US steel market participant survey.

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

The Ferrosilicon Futures rose straightly this week.

It was expected that the operation would continue to be weak in the short term.

The traditional peak season of "September-October" is nearing the end, 75 # ferrosilicon was relatively strong under the support of magnesium metal market.

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

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