A comparison of October shipments to the previous month of September shows the following changes: hot dipped galvanized sheet and strip, up 3 percent, cold rolled sheet, up three percent and hot rolled sheet, up two percent.

The 2101 ferrosilicon contract price on ZCE closed at 6800 yuan per ton on December 21.

South Korean steelmaker Posco and Australia's Fortescue Metals Group are set to collaborate on green hydrogen in a partnership that could see Posco importing both iron ore and renewable hydrogen from the latter.

Focusing on the change of supply-demand relationship, the change of ferrosilicon production cost (including freight condition), futures market trend and the new round of steel bidding.

The 2101 ferrosilicon contract price on ZCE closed at 6472 yuan per ton on December 18.

In Jan-Oct, Ordos City, Inner Mongolia, China, has produced 507.02 million tons of raw coal, a decrease of 14.2 year on year.

Ordos Ferrosilicon Production in Jan-Oct

Some analysts feel iron ore prices have been spurred on by recent speculative demand.