Last week steel prices rose slightly.

The 2009 ferrosilicon contract price on ZCE closed at 5860 yuan per ton on May 19.

In April, China imported 30.95 million tonnes of coal, a year-on-year increase of 22.3 percent. It indicated that imported coal still plays a strong role as a replacement.

The 2009 ferrosilicon contract price on ZCE closed at 5798 yuan per ton on May 18.

At present, the overall inventory of ferrosilicon is low, and the spot is tightening.

The 2009 ferrosilicon contract price on ZCE closed at 5846 yuan per ton on May 15.

China's benchmark power coal price remained flat during the past week.

In early May, the social inventory of 5 varieties of steel in 20 cities was 14.98 million tons, down 1270 thousand tons (7.8%) from last ten days, and up 8160 thousand tons (119.7%) vs. the begining of 2020.