The first shipment of iron ore from Sierra Leone's New Tonkolili Iron Ore Project set sail for China from the country's Pepel Port on Friday.

The 2105 ferrosilicon contract price on ZCE closed at 6582 yuan per ton on February 2.

China's steel sector registered output expansion last year, industrial data showed.

The 2105 ferrosilicon contract price on ZCE closed at 6752 yuan per ton on February 1.

China's raw coal output expanded by 0.9 percent year on year in 2020, while its coal imports increased 1.5 percent, data from the National Bureau of Statistics (NBS) showed.

The 2105 ferrosilicon contract price on ZCE closed at 6752 yuan per ton on January 29.

A total of 45,956 tonnes of FeSi and 81,576 tonnes of manganese alloys were sold during the quarter ended 31 December 2020.

China will step up efforts in reducing steel production and set up a mechanism for the regulation of the remaining steel to reach goals for "carbon-peak" and "carbon neutralization".