Global ferro-silicon market dragged down by myriad headwinds
Ferro-silicon prices edged downward amid a lack of market activity caused by numerous headwinds, which included a dip in ferro-silicon futures prices, a weaker yuan against the dollar, resumption of ferro-silicon capacity at major production hubs and reports of crude steel output limits, sources told Fastmarkets.
Spot market confidence was slightly undermined due to reports that steel mills in China will be required to cap crude steel output to a level identical to that of the...