The 2201 silicomanganese contract price on ZCE closed at 9990 yuan per ton on September 17.

Ferroglobe had not confirmed the closure to Argus at the time of writing and was not immediately available for comment.

The 2201 ferrosilicon contract price on ZCE closed at 12190 yuan per ton on September 17.

MoIT sustains anti-dumping duty on Malaysia’s H-shaped steel

Steelmakers are concerned that the European Commission might suspend duties on some steel products.

The 2201 ferrosilicon contract price on ZCE closed at 12004 yuan per ton on September 16.

The spread is over four times as wide as the $326/st from a year ago.

Demand usually picks up during the Indian festivals of Dussehra and Diwali, which is celebrated in October and November, respectively.