The 2101 ferrosilicon contract price on ZCE closed at 5946 yuan per ton on October 21.

As the market enters the final few months of 2020, US flat-rolled steel mills sit in a much better position than they were just two months ago.

The 2101 ferrosilicon contract price on ZCE closed at 5918 yuan per ton on October 20.

China's economy expanded by almost 5pc in the third quarter, continuing the country's recovery from its Covid-19 outbreak earlier this year.

According to the sources, both plants are in the U.S. state of Indiana and jointly operated with ArcelorMittal S.A.

The 2101 ferrosilicon contract price on ZCE closed at 5940 yuan per ton on October 19.

Opening price of ferrosilicon futures 2101 contract of this week was 5,840.

China's foreign trade will maintain stable growth in the fourth quarter as its manufacturing sector is capable of scaling up production within a short period to supply necessary goods amid the global pandemic.