Export tariffs on ferrosilicon, ferrochrome, high-purity pig iron would be raised to 25 percent, 20 percent and 15 percent, respectively.

A Large-Scaled Steel Plant in Hebei Province released its ferrosilicon bidding information.

The 2109 ferrosilicon contract price on ZCE closed at 7,688 yuan per ton on May 7.

A reading above 50 indicates expansion, while a reading below reflects contraction.

ZENITH released ferrosilicon bidding in May with a volume of 2100 tons.

The 2109 ferrosilicon contract price on ZCE closed at 7,576 yuan per ton on May 6.

A reading above 50 indicates expansion, while a reading below reflects contraction.

The PMI for China's non-manufacturing sector moderated to 54.9, down 1.4 percentage points from March.