"Moreover, we intend to export 5,000-8,000 tonnes of ferro-silicon this year to North America."

The ferrosilicon market has been running smoothly, with little change in price before the holiday.

Import prices for flat-rolled steel into South America were steady to slightly higher during the past week.

"Moreover, we intend to export 5,000-8,000 tonnes of ferro-silicon this year to North America."

Automotive production in Brazil plunged in April due to massive shutdowns stemming from the Covid-19 pandemic.

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China's logistics prosperity index hit 53.6 percent in April, up 2.1 percentage points from the previous month.