Yes, thats correct, FeSi is going up further. Pity is GMC will...

Yes, thats correct, FeSi is going up further. Pity is GMC will never be able to produce FeSi as it takes up to 10,000KWh to produce 1 tonne. ie would cost GMC US$900 /tonne in electricity to produce 1 tonne using power at US$0.09c/KWh.
HOWEVER
GMC requires 0.43 tonnes of FeSi to produce 1 tonne of MC FeMn, rather an unfortunate time for GMC with the cost of inputs going up. When calculating a price remember the Chinese also have to pay a 20% export tax if exported.