The 2010 ferrosilicon contract price on ZCE closed at 5700 yuan per ton on September 7.

Baosteel expects China's vehicle production to drop 6% year on year to 24.2 million units in 2020, improving from a 11.8% year-on-year drop in January-July.

For the period from April to June, Baosteel earned 2.47 billion yuan, a jump of 60.6% from the first quarter, but still well below net profit of 3.46 billion yuan in the year-earlier period.

In the first week of September, the ferrosilicon market continued stable. The tender volumes, together with the rising tender price, boosted the confidence of the industry.

The 2010 ferrosilicon contract price on ZCE closed at 5686 yuan per ton on September 4.

The 2010 ferrosilicon contract price on ZCE closed at 5738 yuan per ton on September 3.

China Taiyuan coal transaction price index stood at 124.46 points Monday, down 0.08 percent week on week.

steel is set to play a vital role in the chassis, engines and charging stations that will power the cars of the future.