Futures fell sharply, impacting the spot market.

Global iron ore production growth will accelerate in the coming years.

This week, the domestic ferrosilicon market continued to be weak, the Futures was consolidated in a narrow range.

European high-carbon ferro-manganese prices were assessed down at €1,250-1,425/t ddp on 5 July, while silico-manganese sat at a marginal discount of €1,250-1,400/t ddp.

Ferro-silicon prices have lately consolidated at €2,450-2,600/t ddp, down by 38pc since early May.

Prices across Europe's ferro-chrome suite extended their losses on 5 July, as offers for imported alloy put additional downside pressure on the depreciating market.

European high-carbon ferro-manganese prices were assessed down at €1,250-1,425/t ddp on 5 July, while silico-manganese sat at a marginal discount of €1,250-1,400/t ddp.

Australia¡¯s minerals exports are set to reach unseen heights for a second year, as a global crunch lifts the value of the nation¡¯s coal and natural gas.