The 2201 silicomanganese contract price on ZCE closed at 8652 yuan per ton on November 12.

The 2201 ferrosilicon contract price on ZCE closed at 9052 yuan per ton on November 12.

"We will be carrying out planned maintenance in some of our mills during this period, although there will be no impact on customers," a company spokesperson said.

Australian iron ore mining firms Fenix and Fe Limited are using hedging to keep operating, with most of their unhedged rivals having stopped production or development with the reality of a more than halving of the iron ore price over the past four months.

China's largest steelmakers scaled back production in late October to the lowest since March 2018, after slightly increasing output from lows in late September.

JSW's average capacity utilisation rose to 95pc during October compared with 89pc a year earlier and the highest since March this year when it was 96pc.

WA miner to test vanadium redox flow battery technology

Ferro-Alloy Resources reports first commercial sale of ferro-molybdenum, completes testing ferro-vanadium production