For the period from April to June, Baosteel earned 2.47 billion yuan, a jump of 60.6% from the first quarter, but still well below net profit of 3.46 billion yuan in the year-earlier period.

Ferrosilicon tender notice of September, 2020 (09/04/2020).

In the first week of September, the ferrosilicon market continued stable. The tender volumes, together with the rising tender price, boosted the confidence of the industry.

As per the revised order, 38 blocks would be auctioned instead of previously announced 41.

Vietnam spent more than 5.6 billion U.S. dollars importing over 9.7 million tons of steel and iron in the first eight months of this year.

"These difficult conditions make the industry even more vulnerable to surges in imports."

Baosteel expects China's vehicle production to drop 6% year on year to 24.2 million units in 2020, improving from a 11.8% year-on-year drop in January-July.

The 2010 ferrosilicon contract price on ZCE closed at 5686 yuan per ton on September 4.