...coupled with the elevated Chinese price for magnesium, the key consumer of 75% of ferro-silicon, drove up the ferro-silicon price.

Based in the north of Norway, Finnfjord operates three furnaces.

Ben Gang has become the latter's subsidiary.

The 2201 silicomanganese contract price on ZCE closed at 8654 yuan per ton on August 31.

The 2109 ferrosilicon contract price on ZCE closed at 10500 yuan per ton on August 31.

China's two major steelmakers, Ansteel and Ben Gang Group Corporation, inked a deal on Friday to kick off their merger and restructuring that will create the world's third-largest steelmaker.

Tinplate Company of India to Add 300KT Line at Jamshedpur

Nippon Steel Expects FY22 Profit Topping Latest Forecast