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China exports 2231.9 tons of ferrosilicon (si≤55%) in April 2023.

China exports 8543.83 tons of ferrosilicon (si≤55%) from January to April 2023.

China exports 35938.24 tons of ferrosilicon (si>55%) in April 2023.

The steel market situation was poor, the magnesium market situation was loose, the ferrosilicon quotation declined slightly again this week.

The 2306 ferrosilicon contract price on ZCE closed at 7566 yuan per ton on May 19.

Worldstainless expects global consumption of stainless steel to be at 0.0% in 2023 and at 3.6% in 2024. Only minor changes in global meltshop production by main grade in 2022 recorded.

China's crude steel production reaches 92.64 million tons in April 2023.

These factors should lead to soaring steel demand in Q3 and Q4, Tuan said.