MYSTEEL: More challenges for China's SiMn market in '25

China's silicomanganese (SiMn) market is expected to face more challenges this year, with output among domestic smelters expected to rise and demand from steel producers expected to thin, according to Mysteel's latest forecast for the ferroalloy.

Production may increase this year as new capacity is scheduled for commissioning, especially in North China's Inner Mongolia where local smelters can enjoy competitive smelting costs from lower electricity rates, the report pointed out. For 2025, China's total SiMn capacity is expected to reach 23.2 million tonnes/year, representing an increase