MYSTEEL: Weak demand to sour China's FeSi market in '25

China's ferrosilicon (FeSi) market was dragged down by subdued demand from end-users throughout 2024, and market watchers remain cautious about demand growth in 2025, anticipating lower consumption of Chinese FeSi in both domestic and overseas markets.

The shrinking of demand for the ferroalloy was most evident in the domestic carbon steel market last year. According to Mysteel's survey, approximately 1.04 million tonnes of FeSi products were consumed during steelmaking last year, plunging by 12.6% compared with 2023 and marking the fifth consecutive yearly decrease in