Commodities including iron ore and metallurgical coal will also fuel the steel production which is needed to build new urban infrastructure and renewable energy systems and is also used in advanced manufacturing, he said.

The 2105 ferrosilicon contract price on ZCE closed at 7036 yuan per ton on March 25.

The 2105 ferrosilicon contract price on ZCE closed at 6,928 yuan per ton on March 24.

Among them, 1081 tons were exported to Korea, accounting for 53.37% and 281.48 tons were exported to Japan, accounting for 13.90%.

The 2105 ferrosilicon contract price on ZCE closed at 7,018 yuan per ton on March 23.

Glencore expects the group's ferrochrome production to reach 1.4 million tons in 2021.

Among them, 842 tons were exported to Korea, accounting for 50.83% and 365 tons were exported to Japan, accounting for 22.03%.

China's ferrosilicon (≤55%) exports in Jan-Feb 2021 up 23.23%.