This trend is expected to persist in the medium term, whereby domestic steel mills will directly benefit, VDSC said.

Data of the first week of November showed that the operating rate and output of ferrosilicon plants had a slight upward trend.

The 2101 ferrosilicon contract price on ZCE closed at 6002 yuan per ton on November 6.

Together with big steel producers, smaller firms also discussed difficulties for steel billet prices at the seminar.

China's benchmark power coal price rose slightly during the past week.

The UK steel industry can expect a less severe outcome from the second lockdown planned for England from Nov. 5.

China's benchmark power coal price rose slightly during the past week.

The 2101 ferrosilicon contract price on ZCE closed at 5912 yuan per ton on November 5.