The production value of manufacturing industries in the island saw a year-on-year decline over the past seven consecutive quarters, said the department in a statement earlier this week.

This week, the ferrosilicon market is still running stably, higher cost and tight spot and the downstream demand side is also strong, the confidence of ferrosilicon manufacturers is good.

The 2101 ferrosilicon contract price on ZCE closed at 6184 yuan per ton on November 19.

The first export consignment is scheduled to leave the Chattogram port, some 242 km southeast of the capital Dhaka, on Nov. 21, the company said in a statement.

"To address long-term market developments and the effects of coronavirus," Thyssenkrupp announced to cut 5,000 more jobs, bringing the total of its layoffs to 11,000.

"Stable, green and sustainable raw material supplies is an important pillar for Chinese steel industry to improve competitiveness."

American Iron and Steel Institute (AISI) reported that steel import permit applications for the month of October totaled 1,643,000 net tons (NT)*.

OM Holding Limited released its September 2020 Quarterly Production and Market Update recently.