MYSTEEL: Oversupply in China's SiMn market to persist through 2026

China's silicomanganese (SiMn) market is expected to remain oversupplied in 2026, mainly due to planned capacity additions and ongoing weak demand, according to Mysteel's latest forecast for the ferroalloy in its annual report.

New SiMn capacity in North China's Inner Mongolia is scheduled for commissioning this year, as smelters in this area can enjoy competitive smelting costs with low-cost electricity generated from green energy sources, the report pointed out, with about 2.78 million tonnes/year of new SiMn capacity expected to become operative