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.

The 2009 ferrosilicon contract price on ZCE closed at 5840 yuan per ton on May 12.

The Indian Steel Association (ISA) has revised downward India’s steel demand growth forecast for 2020 from 5.1% as per growth predictions made in February this year.

Ferrosilicon output in Ordos City in Jan-Mar.

Ferroalloy output in Ordos City in Jan-Mar.

The 2009 ferrosilicon contract price on ZCE closed at 5816 yuan per ton on May 11.

Import permit tonnage for finished steel in April was 1,317,000, down 13.0% from the final imports total of 1,514,000 in March.

YDD started cold commissioning three furnaces at its new Karaganda ferro-silicon operation in Kazakhstan at the end of 2018.