Vietnam spent more than 5.6 billion U.S. dollars importing over 9.7 million tons of steel and iron in the first eight months of this year.

In the first week of September, the ferrosilicon market continued stable. The tender volumes, together with the rising tender price, boosted the confidence of the industry.

The 2010 ferrosilicon contract price on ZCE closed at 5686 yuan per ton on September 4.

The 2010 ferrosilicon contract price on ZCE closed at 5738 yuan per ton on September 3.

Nickel price trend on September 3rd

LME nickel price trend on September 2nd

Of the 4.64 million tonnes of total steel exports, Vietnam and China bought 1.4 million tonnes and 1.3 million tonnes of steel respectively.

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