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The Ferrosilicon industry experienced a significant growth rate in November 2022, with a remarkable increase of 112% compared to the previous month. In terms of value, the imports of Ferrosilicon declined to $15M in July 2023.
In June 2023, the Ferrosilicon price was $2,440 per ton (FOB, Canada), experiencing a decrease of 4.5% compared to the previous month.
In March 2023, the Ferrosilicon price was $1,693 per ton (CIF, Qatar), showing a decrease of 4.6% compared to the previous month.
In February 2023, the ferrosilicon price amounted to $1,712 per ton (CIF, India), growing by 6.6% against the previous month.
In value terms, ferro-silicon exports soared to $60M in March 2023
In December 2022, the ferro-silicon price CIF (Cost, Insurance, and Freight) to Mexico was $2,291 per ton, a 3.5% increase from the previous month.
In May 2022, the ferro-silicon price per ton amounted to $2,570 (CIF, US), falling by -31% against the previous month.
In 2021, the average import price for ferro-silicon in the U.S. totaled $2,284 per ton, increasing by 85% compared to the figure of 2020.
Ferrosilicon consumption is expected to continue rising due to the further growth of solar energy.
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