China's national-level carbon emissions trading system is expected to be a significant lever for the steel industry's carbon emissions reduction and structural optimization, experts said.

The 2109 ferrosilicon contract price on ZCE closed at 7966 yuan per ton on May 17.

China's national-level carbon emissions trading system is expected to be a significant lever for the steel industry's carbon emissions reduction and structural optimization, experts said.

To be sure, stripping the industry of its overcapacity will help it to reshape itself, so as to align with the country's pursuit of high-quality development.

"There is no shortage of supplies. The price surge is not an exact reflection of the current supply and demand situation," said an analyst.

The 2109 ferrosilicon contract price on ZCE closed at 8062 yuan per ton on May 14.

The 2109 ferrosilicon contract price on ZCE closed at 7952 yuan per ton on May 13.

The company's order intake increased by 14 percent year-on-year and reached 8.6 billion euros.