Adjusted year-to-date production through March 20, 2021 was 19,626,000 net tons, at a capability utilization rate of 76.8 percent.

The 2105 ferrosilicon contract price on ZCE closed at 6,666 yuan per ton on March 31.

China exported 36394.686 tons of magnesium in January-February, 2021, up 41.41% year on year.

The 2105 ferrosilicon contract price on ZCE closed at 6,682 yuan per ton on March 30.

The 2105 ferrosilicon contract price on ZCE closed at 6,978 yuan per ton on March 26.

The operating rate and output are still relatively stable and the demand side is relatively weak.

The guideline also asked the steel industry to reduce pollutants and energy consumption by more than 20 percent and 5 percent by 2025, respectively.

Commodities including iron ore and metallurgical coal will also fuel the steel production which is needed to build new urban infrastructure and renewable energy systems and is also used in advanced manufacturing, he said.