Looking ahead, we believe economic growth will be a crucial priority for China, as the country has emphasized the importance of economic development, focusing on high-quality, balanced and inclusive growth.

US steel import permit applications for the month of October totaled 2,298,000 net tons (NT)*.

U.S. imported a total of 2,237,000 net tons (NT) of steel in September 2022.

The 2211 ferrosilicon contract price on ZCE closed at 8440 yuan per ton on November 11.

This week, the ferrosilicon market maintained stable. The Futures market fluctuated after last week's rise.

The 2211 ferrosilicon contract price on ZCE closed at 8302 yuan per ton on November 10.

The MOU is to study the development of a high-quality iron ore logistics and processing facility, according to an NIDC statement circulated on Oct. 30.

These include changes to the Emissions Trading System (ETS) and a new levy on imports under the Carbon Border Adjustment Mechanism (CBAM) to prevent carbon leakage.