Operating income of $0.3bn in 3Q 2019 as compared to an operating loss of $0.2bn in 2Q 2019.

Third-quarter 2019 net sales of USD 384 million were 16% lower compared with the third quarter of 2018.

The third quarter net profits of Erdemir and Kardemir were down 41% and 18% respectively.

Experts commended the range of performance-based production restrictions in the plan.

Bao Steel released Ferrosilicon 72# tender notice of November.

The outlook is based on seasonality, the gradual and safe return of operations.

Hebei Xinda Iron & Steel Group released Ferrosilicon 72# tender notice of November.

Shaanxi Iron and Steel released Ferrosilicon 72# tender notice of November.