China's ferrosilicon exports pick up after smuggling clampdown

Sep 26, 2012 | 11:45 AM |

Tags  ferrosilicon, Chinese exports, ferrosilicon prices, smuggling

SHANGHAI, China — Chinese ferrosilicon export market activity has increased significantly due to a drop in the amount of material being smuggled out of the country, market sources said.

Smugglers are more cautious about shipping material via Vietnam to avoid a 25-percent export tax due to stringent checks by Chinese customs officials, a source at Erdos Metallurgy Group Co. Ltd. (EMG) told AMM sister publication Metal Bulletin.....

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