The domestic ferrosilicon market stopped falling and rebounded in the early stage of this week.

This week, Chinese domestic market price of electrolytic manganese metal fell. At present, the ex-work price include value added tax (VAT) was RMB 41,000 to 42,000 /mt in southern areas such as Hunan, Chongqing, Guangxi and Guizhou province and the northern la...

This week, the domestic ferrosilicon market was still depressed.

Uncertainty about European ferro-alloy supply is causing market participants to lock in higher volumes under long-term contracts.

Demand also remains strong in Europe, with end user first-quarter tenders for over 3,000t and suppliers struggling to respond.

US hot-rolled coil (HRC) prices dropped this week on lower sales and offers, amid continued limited spot market activity.

And it’s expected for the market to continue to be under pressure in the short term.

A recent report states that the metals sector is set to continue its rebound from the effects of the covid-19 pandemic through 2022.