Ferrosilicon is one of the most widely used ferroalloys in the global metallurgical industry. It is mainly used as a deoxidizer and alloying agent in steelmaking, and it also plays an important role in foundry production and magnesium manufacturing.
Because ferrosilicon production is energy-intensive and closely related to steel demand, its price often fluctuates with changes in electricity costs, raw material supply, and global steel production.
In this article, we analyze the ferrosilicon price trend from 2023 to 2026, explore the factors affecting the market, and provide insights for buyers looking for reliable ferrosilicon suppliers.
1. Ferrosilicon Price Today
The ferrosilicon price today depends on silicon content, particle size, order volume, and export region.
Typical export prices from China (FOB basis) are currently:
| Grade | Silicon Content | Price (USD/MT FOB China) |
|---|---|---|
| FeSi72 | ≥72% | $1120 – $1140 |
| FeSi75 | ≥75% | $1150 – $1170 |
China remains the world's largest ferrosilicon producer and exporter. Most international buyers source ferrosilicon from China due to competitive prices and stable supply capacity.
For bulk orders, the ferrosilicon price per ton may vary depending on quantity, shipping terms, and specifications.
2. Ferrosilicon Price Trend (2023–2026)
Over the past four years, the ferrosilicon market has gone through a cycle of high prices, adjustment, stabilization, and early recovery.
The following table summarizes the yearly price data.
| Year | Highest Price | Lowest Price | Average Price |
|---|---|---|---|
| 2023 | $1610 | $1220 | $1362 |
| 2024 | $1300 | $1120 | $1204 |
| 2025 | $1150 | $1000 | $1053 |
| 2026* | $1170 | $1120 | $~1140 (current market range) |
*2026 prices are based on current export market quotations.
3. Ferrosilicon Price Trend in 2023
In 2023, ferrosilicon prices were relatively high due to strong demand from the global steel industry.
The highest price reached $1610 per ton on February 6, 2023, mainly driven by strong steel production and limited supply.
However, as supply improved during the year, prices gradually declined. The lowest price was around $1220 per ton in December, while the year ended at approximately $1240 per ton.
Overall, the average ferrosilicon price in 2023 was about $1362 per ton, making it the peak year among the four analyzed.
4. Ferrosilicon Price Trend in 2024
In 2024, the market began to cool as global steel demand weakened and ferroalloy production increased.
The highest price was $1300 per ton in June 2024, driven by mid-year demand from steel mills.
However, the market declined in the second half of the year. The lowest price fell to $1120 per ton in December, and the year ended around $1135 per ton.
The average price in 2024 was approximately $1204 per ton, representing a noticeable decline compared with 2023.
5. Ferrosilicon Price Trend in 2025
The downward trend continued in 2025 as the ferroalloy industry entered a period of market adjustment.
The highest price of $1150 per ton occurred in early January, mainly due to seasonal procurement from steel plants.
As the year progressed, weaker global demand and higher inventories pushed prices down. The lowest price reached $1000 per ton in June 2025.
By the end of the year, prices stabilized at around $1040 per ton, with an average annual price of about $1053 per ton.
6.Ferrosilicon Price Trend in 2026
In 2026, the ferrosilicon market has started to show signs of recovery after two consecutive years of decline.
Current export prices from China are:
This increase compared with the 2025 average price indicates that the market may be entering a new stabilization phase.
The price recovery is mainly supported by:
- Increased steel production in Asia
- Restocking by international buyers
- Stable electricity costs in major production regions
Although the increase is moderate, it suggests that the ferrosilicon market may gradually rebound in the coming years.
7.Key Factors Affecting Ferrosilicon Prices
Several major factors influence the global ferrosilicon market.
Electricity Costs
Ferrosilicon production requires large amounts of electricity. Changes in power prices in major production regions such as Inner Mongolia, Ningxia, and Gansu can significantly impact production costs.
Raw Material Prices
The main raw materials include silica, coke, and steel scrap. Rising raw material prices can lead to higher ferrosilicon production costs.
Steel Industry Demand
More than 80% of ferrosilicon consumption comes from the steel industry, making steel production the primary driver of market demand.
Global Trade and Logistics
Shipping costs, international trade policies, and regional supply conditions can also influence export prices.
8.Ferrosilicon Specifications
Ferrosilicon is produced in different grades and particle sizes depending on industrial requirements.
Chemical Composition
| Grade | Si | Al | C |
|---|---|---|---|
| FeSi72 | ≥72% | ≤2.0% | ≤0.2% |
| FeSi75 | ≥75% | ≤1.5% | ≤0.2% |
9.Factors Affecting Ferrosilicon Price
Several factors influence the global ferrosilicon market price.
Electricity Cost
Ferrosilicon production consumes a large amount of electricity. Changes in power prices directly affect production costs.
Raw Material Prices
Important raw materials include:
- silica
- coke
- steel scrap
Price fluctuations in these materials can influence the final product cost.
Steel Industry Demand
More than 80% of ferrosilicon is consumed by the steel industry, making steel production the main driver of demand.
Global Trade and Logistics
Freight costs, export policies, and international demand can also affect market prices.
10.How to Choose a Reliable Ferrosilicon Supplier
When purchasing ferrosilicon in bulk, choosing a reliable supplier is essential to ensure stable quality, competitive pricing, and on-time delivery.
Here are several factors buyers should consider when selecting a ferrosilicon supplier:
Production Capacity
A professional ferrosilicon manufacturer should have stable production capacity and modern smelting equipment to ensure continuous supply.
Quality Control
Reliable suppliers usually provide:
chemical composition reports
particle size inspection
third-party testing certificates
This ensures the ferrosilicon meets international standards required by steel mills and foundries.
Export Experience
Suppliers with extensive export experience can better handle:
- international logistics
- export documentation
- customs clearance
This helps reduce delivery risks and ensures smooth transactions.
Why choose Zhenan as the silicon ferrosilicon supplier?
As one of the major ferroalloy producers in China, our company specializes in the production and export of high-quality ferrosilicon products, including:
- FeSi72
- FeSi75
customized particle sizes for different industries
Our ferrosilicon products are widely supplied to steel plants, foundries, and alloy traders in Europe, Southeast Asia, the Middle East, and South America.
With competitive pricing, stable production capacity, and strict quality control, we are committed to providing reliable ferroalloy solutions for global customers.
If you are looking for a trusted ferrosilicon supplier or manufacturer in China, feel free to contact us to get the latest ferrosilicon price per ton and detailed product specifications.
If you would like to receive the latest ferrosilicon quotation, please contact us with the following information:
- required grade (FeSi72 / FeSi75)
- particle size
- purchase quantity
- destination port
Our team will provide a competitive quotation and professional support for your ferroalloy procurement.
ZHEN AN INTERNATIONAL CO.,LIMITED
ZhenAn is an enterprise specializing in Metallurgical & Refractory products , integrating production, processing, sales and importing and exporting business.We are focused on building a dedicated team of professionals across the globe. At ZhenAn, we are committed to provide complete solutions by delivering the "right quality & quantity" to suite our customer's processes.
