The third quarter net profits of Erdemir and Kardemir were down 41% and 18% respectively.

The outlook is based on seasonality, the gradual and safe return of operations.

China's steel output posted steady growth in the first three quarters amid increasing market demand.

Nickel ore market weekly comment(Nov 4th- Nov 8th): The prices of Laterite-Nickel ore was stable this week

Ferronickel market weekly comment(Nov 4th- Nov 8th) The ferronickel price was stable in this week

Electrolytic nickel market weekly comment(Nov 4th- Nov 8th) LME nickel price dropped down in general, so did the electrolytic nickel price

Elkem’s result for the third quarter of 2019 was relatively strong given the challenging market conditions.

Crude steel output totaled 748 million tons in the first nine months.