The nationwide price of steel products rose slightly last week (November 14-20)

Steel production has declined. The import and export volume of steel products decreased generally.

On Thursday, the Futures rebounded, and the market sentiment eased to some extent, leading to a small upward in spot prices.

The spot price of 72# ferrosilicon did not change much, and the price of 75# ferrosilicon declined due to the weakening of the downstream magnesium metal market.

HRC lead times in the Midwest increased to 4 weeks from 3-4 weeks.

This week, the ferrosilicon market maintained stable. The Futures market fluctuated after last week's rise.

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.

At present, of the 17,244 tonnes of on-warrant nickel in LME warehouses in Rotterdam, briquette accounts for more than 92%.