Benchmark nickel on the London Metal Exchange (LME) surged to its highest value in more than a decade on 22 February.

The 2205 ferrosilicon contract price on ZCE closed at 9372 yuan per ton on February 23.

Black Iron monitoring Russia’s incursion into eastern Ukraine

Zimbabwe’s State-owned miner selected to revive steel firm

SASAC said that in January, the output of raw coal, sales of refined oil products and the production and sales of steel products of central enterprises have all maintained steady growth. Trade volume has also delivered rapid growth.

In addition, the downward real estate investment will drive down the output of traditional industries such as steel, nonferrous metals and cement.

The 2205 ferrosilicon contract price on ZCE closed at 9274 yuan per ton on February 22.

Crude oil futures extend climb in Asia after Putin puts troops in Ukraine's breakaway regions