The 2010 ferrosilicon contract price on ZCE closed at 5638 yuan per ton on September 9.

The UK car sector slowed in August, with car registrations falling on the year after rebounding in July, despite a boost in zero-emission capable vehicle demand.

The 2010 ferrosilicon contract price on ZCE closed at 5674 yuan per ton on September 8.

The launch of FerroHaat underlines Tata Steel’s commitment to foster trust, transparency and ease of doing business in the scrap industry, an official statement said.

Baosteel expects China's vehicle production to drop 6% year on year to 24.2 million units in 2020, improving from a 11.8% year-on-year drop in January-July.

The 2010 ferrosilicon contract price on ZCE closed at 5700 yuan per ton on September 7.

For the period from April to June, Baosteel earned 2.47 billion yuan, a jump of 60.6% from the first quarter, but still well below net profit of 3.46 billion yuan in the year-earlier period.

In the first week of September, the ferrosilicon market continued stable. The tender volumes, together with the rising tender price, boosted the confidence of the industry.