China's exports of ferrosilicon (>55%) down 47.89% YoY.

China's exports of ferrosilicon (≤55%) down 27% YoY in Jan-Jul.

The steel subsidiary should combine its own reform and development with the integrated development of the Yangtze River Delta and strive to develop itself amid the process.

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.

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.