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Exports of Norway FeSi Largely Decreased by 19.8% Month-on-Month in November 2014

Market Prices of Ferrosilicon Showed an Upturn only in Q3 of 2014 in China

Exports of Chinese FeSi Markedly Increased to Major Destinations in January to October 2014

Sales Volumes of Ferbasa’s FeSi Decreased in November of 2014

Operation Situation Differed Much Between Different Qinghai-based Ferrosilicon Producers

US Imports of Ferrosilicon Decreased over One Thousand Tons in January to October 2014

Exports of Qinghai Ferroalloys Accounted for 26.9% of the National Total in Q1-Q3 2014

The excessive spot supply of ferrosilicon not only caused continuous decline of market prices, but also facilitated the procurement and the progress of steel mills.