MYSTEEL: China's SiMn prices to stay under pressure in H2

China's silicomanganese (SiMn) market is expected to stay under pressure in the second half of this year, according to Mysteel's latest semi-annual report on the commodity, pointing to mounting inventories of the ferroalloy and the commissioning of new smelting furnaces that will lift supply.

SiMn output is expected to increase in coming months as many smelters in Southwest China's Yunnan are likely to resume operation during the wet season that spans May to October. The decline in their input costs that southern smelters can enjoy from consuming hydroelectricity can bring a reduction of