The primary factor damping buyers’ confidence was the persistently weak portside market.

The latest price is 450 yuan higher than the mill’s previous purchase price of 7,500 yuan per tonne for July-delivery cargoes.

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In the week ending on August 14, 2021, domestic raw steel production was 1,869,000 net tons.

The 2201 silicomanganese contract price on ZCE closed at 7972 yuan per ton on August 19.