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.

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

Multiple producers have faced that tough choice in recent months.

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.

Finished Import Market Share Estimated at 22 Percent in September.

US domestic raw steel production was 1,688,000 net tons while the capability utilization rate was 75.7 percent.