EU Ferro-silicon Prices Decline Amid Unfilled Safeguard Quotas

Prices are trending lower due to an oversupply of material in European warehouses, imported before the safeguard quotas were implemented, which has reduced the immediate need for new imports and kept spot trade sluggish.

Silicon metal is a material used as a source of elemental silicon and can partially substitute ferro-silicon. It is becoming more attractive to buyers due to lower import costs from countries like Angola and China, especially as ferro-silicon import costs are set to rise once quotas are exhausted.