Chinese Factory is In Full Swing after the Spring Festival

With the end of the Spring Festival holiday in February 2024, Chinese factories have begun normal production. Due to the continuous improvement of production capacity and the resumption of operations of corporate steel plants, the import and export orders of Chinese enterprises have experienced considerable growth since the start of construction, and the prices of some products may experience a slight decrease.

Taking the external quotation of Hainan West Asia Group's ferrosilicon cored wire as an example, the CIF Iranian port quotation on February 19 was 1,240 USD/MT. As of today, March 1, the price of this product at the port may be reduced by 40 USD/MT. West Asia Group stated that it will fully support first-time cooperation customers in bidding.

At the same time, West Asia Group said that since the resumption of work on February 18, the number of received customer inquiries has also been steadily increasing. Customers from Iran, the United Arab Emirates, Turkey and other countries have successively inquired about ferrosilicon, calcium silicon cored wire, FeSi 75, FeSi 70 Waiting for product prices, we believe that in the new year we can cooperate with customers from all over the world to increase production and generate income.