Thus, the bias in the market on prices is pointing down for the near term.
Some international ferro-silicon suppliers have been exporting, even in the midst of pandemic-related lockdowns in Europe that have steepened price losses while stocks mounted at European ports and warehouses.
Fastmarkets’ price assessment for ferro-silicon lumpy basis 75% Si (scale pro rata), delivered Europe
was at €900-940 ($1,010-1,055) per tonne on Friday June 19, unchanged from the previous week. The market last moved below this level in November 2019, and any move below €900 per tonne on the low end would take the market to a point last seen in April 2016, when the price was assessed at €890-940 per tonne.
Steelmakers in Europe have cut...