In October, the largest finished steel import permit applications for offshore countries were for South Korea.

But the October exports fell by 15.5pc from a year earlier, according to preliminary customs data. January-October exports fell by 19.3pc from a year earlier to 44.43mn t.

January-October imports rose by 73.9pc from a year earlier to 17.71mn.

The 2101 ferrosilicon contract price on ZCE closed at 5886 yuan per ton on November 16.

Nickel price trend on November 16th

Hebei steel production increase 7.7% YoY in Jan-Sep.

Hebei crude steel production increase 2.7% YoY in Jan-Sep.

LME nickel price trend on November 13th