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

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

The 5G network in Yangquan's subsidiary, Xinyuan, is the country's first commercial 5G service under a coal mine shaft. It is built in partnership with China Mobile and Huawei.

China Taiyuan coal transaction price index stood at 124.93 points Monday, down 0.4 percent week on week.

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

JSW Steel is confident of completing the Bhushan Power and Steel acquisition even in the current state of economy ravaged by Covid.

An investigation is ongoing to establish the possible source of infection.

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.