China's economy expanded by almost 5pc in the third quarter, continuing the country's recovery from its Covid-19 outbreak earlier this year.

As the market enters the final few months of 2020, US flat-rolled steel mills sit in a much better position than they were just two months ago.

The 2101 ferrosilicon contract price on ZCE closed at 5918 yuan per ton on October 20.

China's car sales rose in September for a fifth straight month to their highest level this year.

In the week ending on October 17, 2020, US domestic raw steel production was 1,535,000 net tons while the capability utilization rate was 69.4 percent.

The 2101 ferrosilicon contract price on ZCE closed at 5940 yuan per ton on October 19.

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

UK-Australian resources firm BHP is likely to spin out its thermal and lower-grade coking coal assets into a new firm, similar to the formation of South32 in 2015.