ferroalloys output registered a small increase in October on
the back of improved demand from the steel sector.
Production averaged 90,387
tonnes per day in October, up 1.2 percent from 89,300 tonnes in
September, putting the monthly total at around 2.8 million
tonnes, an 11.5-percent increase from a year earlier, according
to the countrys National Bureau of Statistics (NBS).
"Demand from steel mills showed
an increase in October, with some mills raising bid prices for
raw materials and increased purchase volumes," a Beijing-based
analyst told AMM sister publication Metal
Production of crude steel
climbed nearly 2 percent to 59.1 million tonnes in October
compared with September.
enthusiasm remained high in October because it was the last
month of the wet season, when they enjoy lower power
Chinas ferroalloys output
totaled 25.5 million tonnes in the first 10 months of the year,
up 10.5 percent from the same period last year, the NBS
"I guess output this month will
keep around the level of October, as the rising prices of
ferroalloyslike ferrosilicon and
silicomanganesewill encourage smelters to keep
producing," the analyst said.
A version of this article was first published by AMM
sister publication Metal Bulletin.