In the meeting, Gharibpour called for cooperation with the Australian side in various areas including training, exploration, extraction, and new technologies, IRIB reported.

The 2101 ferrosilicon contract price on ZCE closed at 6000 yuan per ton on November 11.

Iran's steel exports in the mentioned six months fell 33 percent compared to the previous year’s same period.

In September 2020, Japan imported 27693.078 tons of ferrosilicon (>55%), an increase of 125.55% over the previous month and a decrease of 21.27% compared with the same period last year.

The 2101 ferrosilicon contract price on ZCE closed at 5982 yuan per ton on November 10.

The 2101 ferrosilicon contract price on ZCE closed at 5988 yuan per ton on November 9.

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.