In 2020, crude steel output rose by 5.2 percent year on year to exceed 1.05 billion tonnes, according to the China Iron and Steel Association.

Export tariffs on ferrosilicon, ferrochrome, high-purity pig iron would be raised to 25 percent, 20 percent and 15 percent, respectively.

A Large-Scaled Steel Plant in Hebei Province released its ferrosilicon bidding information.

The 2109 ferrosilicon contract price on ZCE closed at 7,688 yuan per ton on May 7.

A reading above 50 indicates expansion, while a reading below reflects contraction.

ZENITH released ferrosilicon bidding in May with a volume of 2100 tons.

The 2109 ferrosilicon contract price on ZCE closed at 7,576 yuan per ton on May 6.

A reading above 50 indicates expansion, while a reading below reflects contraction.