"There is no shortage of supplies. The price surge is not an exact reflection of the current supply and demand situation," said an analyst.

Located in North China, the Inner Mongolia autonomous region is not only famous for its vast grassland, but also its great mineral resources.

Chinese foreign trade enterprises may face surging pressure in the second half of this year.

"There is no shortage of supplies. The price surge is not an exact reflection of the current supply and demand situation," said an analyst.

India's largest steel company cuts production by 10% due to epidemic

India's JSW Steel's crude steel production and capacity utilization rate decline in April

South Africa's ferrochrome exports increased by 45.1% in the first quarter

The 2109 ferrosilicon contract price on ZCE closed at 8286 yuan per ton on May 12.