LME nickel price trend on July 17th

China exported 3.701 million tons of steel in June 2020.

The 2009 ferrosilicon contract price on ZCE closed at 5584 yuan per ton on July 17.

With the continuous rise of recent prices, the operating rate of ferrosilicon plants continues to increase this week.

China steel exports down 30.3% year on year In June.

Chinese enterprises have also managed to guarantee the construction and operation of overseas projects under the framework of the Belt and Road Initiative.

China's "new infrastructure" construction plan, particularly charging piles for new energy vehicles, 5G base stations, ultrahigh voltage power and intercity high-speed railways, may boost demand for metals like copper and cobalt, industry experts said.

The German government agreed to support the country's steel industry in its long-term transition to low-carbon production, the German Ministry for Economic Affairs and Energy (BMWi) announced on Wednesday.