The 2310 ferrosilicon contract price on ZCE closed at 6882 yuan per ton on August 29.

Finished Import Market Share YTD at 22%.

AISI: US Raw Steel Production in the week ending on August 26, 2023.

Indonesia’s mining quota distribution has been delayed having reverted to an older approval process due to an ongoing investigation into illegal mining, a senior official said on Monday, assuring there was sufficient nickel ore for smelters.

In 2024, China will see the value-added of the iron and steel industry expand about 4 percent, according to the document.

For his part, Demchenko confirmed the company's keenness to invest in the Egyptian market.

The 2310 ferrosilicon contract price on ZCE closed at 6928 yuan per ton on August 28.

Iron-ore major Fortescue has reported record shipments during the 2023 financial year, while also announcing the departure of CEO Fiona Hick only six months after her appointment.