Ferrosilicon price hike partly due to China policy, freight rates

KUALA LUMPUR: OM Holdings Ltd (OMH) said the recent unprecedented increase in international prices for ferrosilicon (FeSi) was due in part to government policies in China in relation to the ongoing power shortage there.

It said the power rationing being imposed on energy-intensive industries there has limited ferroalloy production and caused Chinese ferroalloy futures to surge to historical highs.