According to the sources, both plants are in the U.S. state of Indiana and jointly operated with ArcelorMittal S.A.

The 2101 ferrosilicon contract price on ZCE closed at 5968 yuan per ton on October 16.

Opening price of ferrosilicon futures 2101 contract of this week was 5,840.

The Nigerian government on Tuesday launched the commercial operation of the Itakpe-Ajaokuta-Warri railway.

In the same period, imports of soybeans rose 15.5 percent, pork imports grew by 132.2 percent and beef imports increased 38.8 percent.

Steel inventories at member mills of the China Iron & Steel Association (CISA) and in the spot market both increased in early October.

Mexican scrap prices mostly stable on low supply, US prices.

JSW’s operational performance improved with the European steel market slowly recovering from the effects of the Covid-19 pandemic.