The 2009 ferrosilicon contract price on ZCE closed at 5822 yuan per ton on June 9.

India had posted a 14 per cent decline in steel output at 8.65 MT in March as compared with 10.04 MT in March 2019.

In the week ending on May 30, 2020, domestic raw steel production was 1,206,000 net tons while the capability utilization rate was 53.8 percent.

The 2009 ferrosilicon contract price on ZCE closed at 5804 yuan per ton on June 8.

The 2009 ferrosilicon contract price on ZCE closed at 5842 yuan per ton on June 5.

At present, ferrosilicon market is still in short supply, and manufacturers have no inventory pressure for the time being.

The Shanxi government also plans to reduce the number of coal mines to no more than 900 by the end of this year.

European Commission said in a notice “It is fundamental that the gradual resumption of activity and return to normality take place in an orderly manner, in such a way that all participants in the EU steel market find their traditional place.