Indonesia announces economic recovery programme.

India's demand for steel contracted by 91% y-o-y in April 2020 with end user industries' like auto real estate and infrastructure that constitute 80% of demand, coming to a virtual standstill.

The 2009 ferrosilicon contract price on ZCE closed at 5798 yuan per ton on May 18.

It also shipped abroad 180,000 tonnes of steel billets in the month, mainly to China.

In April 2020, key steel enterprises produced 59.6366 million tons of crude steel.

Ferrosilicon tender notice of May, 2020 (05/15/2020).

The 2009 ferrosilicon contract price on ZCE closed at 5846 yuan per ton on May 15.

At present, the overall inventory of ferrosilicon is low, and the spot is tightening.