Mechel PAO's Chief Executive Officer Oleg Korzhov commented on 1H2020 operational results.

"As Bratsk Ferroalloy Plant launched its upgraded ore thermal furnace #3, the plant increased output and sales of ferrosilicon (+46% quarter-on-quarter)."

The 2010 ferrosilicon contract price on ZCE closed at 5688 yuan per ton on August 25.

The 2010 ferrosilicon contract price on ZCE closed at 5772 yuan per ton on August 24.

This week, the ferrosilicon spot market kept stable, and the inventory of manufacturers was low.

In the week ending on August 15, 2020, domestic raw steel production was 1,377,000 net tons while the capability utilization rate was 61.5 percent.

The 2010 ferrosilicon contract price on ZCE closed at 5824 yuan per ton on August 21.

The 2010 ferrosilicon contract price on ZCE closed at 5768 yuan per ton on August 20.