Chinese enterprises have also managed to guarantee the construction and operation of overseas projects under the framework of the Belt and Road Initiative.

With the continuous rise of recent prices, the operating rate of ferrosilicon plants continues to increase this week.

The German government agreed to support the country's steel industry in its long-term transition to low-carbon production, the German Ministry for Economic Affairs and Energy (BMWi) announced on Wednesday.

China's "new infrastructure" construction plan, particularly charging piles for new energy vehicles, 5G base stations, ultrahigh voltage power and intercity high-speed railways, may boost demand for metals like copper and cobalt, industry experts said.

China steel exports down 30.3% year on year In June.

Companhia Siderúrgica Nacional announced that CSN Mineração SA signed on this date a new long-term iron ore supply contract with the Swiss trading company Glencore International AG.

Latin American steel association Alacero said that Latin America is facing the worst crisis in its modern history and is in a moment of transition.

The 2009 ferrosilicon contract price on ZCE closed at 5584 yuan per ton on July 17.