Ferroalloy Output in Qinghai Province down 1.4% from January to October.

Steel Output in Qinghai Province down 25.5% from January to October.

Crude steel Output in Qinghai Province down 27.1% from January to October.

The 2301 ferrosilicon contract price on ZCE closed at 8386 yuan per ton on November 29.

China's industrial profits dip, but structure betters

The province's total import and export value from January to October hit 282.46 billion yuan ($39.73 billion), up 16.4 percent year-on-year.

As China's leading energy base, Shanxi Province is key to the country's energy supply and electricity transmission.

It also said the federal government's decision would check the downward trend witnessed in steel exports in recent months.