China, the world's top steel maker, produced 234.45 million tonnes of crude steel during the first quarter, up 1.2 percent from a year ago, data from the National Bureau of Statistics showed.

The 2009 ferrosilicon contract price on ZCE closed at 5704 yuan per ton on April 20.

China imported 260 million metric tons of iron ore, 130 million tons of crude oil and 95.78 million tons of coal in the first quarter of 2022.

For ferrosilicon market, neither the downstream demand nor the market activity was satisfactory.

The 2009 ferrosilicon contract price on ZCE closed at 5590 yuan per ton on April 17.

Through 2019, the output of ferrosilicon of the group was 1.5876 million tons, and the output of Silicomanganese was 332.2 thousand tons.

The 2009 ferrosilicon contract price on ZCE closed at 5522 yuan per ton on April 16.

US hot-rolled coil prices remain modestly below $25 per hundredweight as mills seek to keep them from falling into loss-making territory amid a steep drop in demand.