"The previously pent-up steel consumption will not disappear. It will only be delayed," Shi said.

Vietnam spent around 4 billion U.S. dollars importing more than 3.8 million tons of steel and iron in the first four months of this year.

The 2205 ferrosilicon contract price on ZCE closed at 8604 yuan per ton on May 12.

Mongolia exported a total of 3.8 million tons of coal in the first four months of this year, down 48 percent year on year, Mongolian Customs General Administration said on Monday.

Qinghai crude steel output in Jan-Mar up 15.1%.

Qinghai ferroalloys output in Jan-Mar up 14.7%.

Qinghai industry electricity consumption up 15.1% in Jan-Mar.

The 2205 ferrosilicon contract price on ZCE closed at 8820 yuan per ton on May 11.