Spot prices for flat-rolled steel in the US fell again this week as mills struggled to book new spot orders.

China Ferrosilicon (>55%) Exports down 23.82% in May.

China Ferrosilicon (>55%) Exports down 24.62% in Jan-May.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.8 million tonnes (Mt) in May 2020, an 8.7% decrease compared to May 2019.

The 2009 ferrosilicon contract price on ZCE closed at 5976 yuan per ton on June 24.

The construction of a major bridge over the Yarlung Zangbo River in southwest China's Tibet Autonomous Region completed closure on Saturday.

The 2009 ferrosilicon contract price on ZCE closed at 5954 yuan per ton on June 23.

China will continue to reduce its outdated production capacity of coal and steel this year, the country's top economic planner said Thursday.