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.

The 2211 ferrosilicon contract price on ZCE closed at 8390 yuan per ton on October 19.

The 2211 ferrosilicon contract price on ZCE closed at 8360 yuan per ton on October 18.

In October, the tender price of ferrosilicon of HBIS Group rose 650 CNY/T month on month to 8850 CNY/T, which greatly improved the market confidence.