The 2010 ferrosilicon contract price on ZCE closed at 5856 yuan per ton on September 1.

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Thanks to the implementation of supply-side reforms, the pattern of supply and demand in the steel sector in China has improved since 2016.

The 2010 ferrosilicon contract price on ZCE closed at 5726 yuan per ton on August 28.

The China Tianjin Bulk Freight Index (TBI), an indicator of northern China's international bulk freight rates, stood at 830.12 points on Wednesday, up 1.71 percent compared with the previous working day.

China's steel sector registered notable output growth in July as the country's economic recovery consolidates, industry data showed.