The 2010 ferrosilicon contract price on ZCE closed at 5608 yuan per ton on September 11.

This week, the ferrosilicon market is becoming more and more calm, with the supply and demand sides basically stable.

AISI reported yesterday that steel import permit applications for the month of August totaled 1,394,000 net tons (NT)*.

In the week ending on September 5, 2020, domestic raw steel production was 1,428,000 net tons while the capability utilization rate was 63.7 percent..

Thermal coal prices for South Korea edged higher this week.

“We are recovering in the automotive sector, but manufacturing products have low demand- particularly for white goods going abroad,” the source said.

“The rebound of the Brazilian economy is already happening,” Usiminas chief executive officer Sergio Leite said at the event to celebrate the BF restart.

The decision to bring the capacities back is connected to the relining of a BF at ArcelorMittal Gent in Belgium, the company said.