China's exports of ferrosilicon (≤55%) down 27% YoY in Jan-Jul.

The steel subsidiary should combine its own reform and development with the integrated development of the Yangtze River Delta and strive to develop itself amid the process.

Mechel PAO's Chief Executive Officer Oleg Korzhov commented on 1H2020 operational results.

Nickel price trend on August 25th

LME nickel price trend on August 24th

"As Bratsk Ferroalloy Plant launched its upgraded ore thermal furnace #3, the plant increased output and sales of ferrosilicon (+46% quarter-on-quarter)."

The 2010 ferrosilicon contract price on ZCE closed at 5688 yuan per ton on August 25.

The seaborne iron ore price hit more than six-year high Aug. 18, due to supply shortness of medium grade fines and a strong demand recovery in China post-pandemic.