The 2009 ferrosilicon contract price on ZCE closed at 5834 yuan per ton on May 13.

Chinese steel mills are looking to gain a greater say in iron ore pricing by opting for yuan-denominated settlements, with a key deal concluded in the Chinese currency recently.

Japanese carmaker Toyota Motor has projected that its global car sales will fall by 22pc from a year earlier to 7mn units during the April 2020-March 2021 fiscal year on expectations that the global car market will bottom out during April-June.

In early May, key steel mills produced 20.5169 million tons of crude steel, 18.4871 million tons of pig iron.

Ferrosilicon tender notice of June, 2020 (05/08/2020).

Ferrosilicon tender notice of May, 2020 (05/08/2020).

India has set up a project monitoring unit to speed up the development of coal mines and raise domestic output, as part of its broader aim to cut imports.

Ferrosilicon tender price in May of HBIS Group up by 120 yuan per ton.