China's exports of ferrosilicon (≤55%) down 27% YoY in Jan-Jul.

China's exports of ferrosilicon (>55%) down 47.89% YoY.

The steel subsidiary should combine its own reform and development with the integrated development of the Yangtze River Delta and strive to develop itself amid the process.

Mechel PAO's Chief Executive Officer Oleg Korzhov commented on 1H2020 operational results.

Nickel price trend on August 25th

LME nickel price trend on August 24th

A near-50pc surge in iron ore prices over the past three months has lifted the product's share of Chinese steel costs to an all-time high.

"As Bratsk Ferroalloy Plant launched its upgraded ore thermal furnace #3, the plant increased output and sales of ferrosilicon (+46% quarter-on-quarter)."