The 2009 ferrosilicon contract price on ZCE closed at 5708 yuan per ton on April 21.

Nickel price trend on April 21st

LME nickel price trend on April 20th

The company did not provide a new figure. The guidance was previously revised downwards from an initial 10mn t.

BHP is one of the world's largest exporters of iron ore and hard coking coal. It also ships thermal coal and copper.

Overall Russian coal output fell in the first quarter of this year, but some coking coal mining firms raised output.

Integrated steelmaker ArcelorMittal is taking a planned outage at one of the blast furnaces at its Burns Harbor mill.

Gladstone, DBCT, Hay Point and Abbot Point operated at a combined utilisation rate of just 75pc in 2019 and the distribution was uneven.