Iron and steel export volume hit 858 tonnes, up 17-fold, while value surged 18 times annually to 1.27 million USD.

The 2009 ferrosilicon contract price on ZCE closed at 5816 yuan per ton on May 11.

YDD started cold commissioning three furnaces at its new Karaganda ferro-silicon operation in Kazakhstan at the end of 2018.

"Moreover, we intend to export 5,000-8,000 tonnes of ferro-silicon this year to North America."

"Moreover, we intend to export 5,000-8,000 tonnes of ferro-silicon this year to North America."

Import prices for flat-rolled steel into South America were steady to slightly higher during the past week.

Automotive production in Brazil plunged in April due to massive shutdowns stemming from the Covid-19 pandemic.

The average capacity utilisation was clocked at 38% for April 2020, the company said in a statement.