Ferrosilicon Bidding Information in April, 2021 (04/09/2021).

As of April 2, average price of SS400 HRC sold to the ASEAN region was $845/tonne CFR, while on the same day, the Q235B HRC price in Shanghai was Yuan 5,520/t ($842.7/t) including the 13% VAT.

A consortium of three Chinese companies signed a memorandum of understanding with Algerian National Iron and Steel Company on exploiting iron ore Tuesday in Algiers.

Finished Import Market Share Estimated at 20 Percent in March.

As for Brazil, Vale's iron ore shipment to global destinations swelled for the second week by another 15,000 tonnes on week to 4.4 million tonnes.

Chinese steelmakers were not keen to chase export business last week, due to hot domestic sales and the uncertainties still hanging about whether the steel export tax rebates would be cut, industry sources said.

Therefore, the price disparity reached Yuan 748/t (based on CFR price*exchange rate + tariff + VAT Vs China's domestic price), up Yuan 123/t on week, some institutions calculated.

The 2105 ferrosilicon contract price on ZCE closed at 6,754 yuan per ton on April 8.