Tariffs on exports of products such as ferrosilicon, ferrochromium, and high-purity pig iron will be raised temporarily to a rate of 25 percent, 20 percent, and 15 percent, respectively.

The 2109 ferrosilicon contract price on ZCE closed at 7,414 yuan per ton on April 30.

Follow the impact of bidding price of representative steel mills and the progress of energy consumption and environmental protection policies in main production areas on the industry.

Ferrosilicon Bidding Information in May, 2021 (04/30/2021).

A total of 25,029 tonnes of FeSi and 50,996 tonnes of manganese alloys were sold during the quarter ended 31 March 2021.

A total of 25,029 tonnes of FeSi and 50,996 tonnes of manganese alloys were sold during the quarter ended 31 March 2021.

According to Luo, under the current pricing mechanism, iron ore prices are to a large extent determined by the producers rather than market forces.

China should guard against the rise in international iron ore prices, as it has the potential to erode its hard-won economic recovery.