WEEKLY: Strong cost support drives China FeSi prices higher

Chinese ferrosilicon (FeSi) prices continued rising during the week of August 25-31, mainly thanks to the better performance of FeSi derivatives and to firm raw material costs with the higher prices of semi-coke, Mysteel Global learned.

On August 31, the spot price of 75% FeSi under Mysteel's assessment came in at Yuan 5,796/tonne ($862/t) including the 13% VAT, jumping by Yuan 87/t compared with one week earlier. Domestic prices of semi-coke have remained strong recently, lifting the production costs of Chinese FeSi smelters and prompting them