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.

Nickel price trend on August 25th

LME nickel price trend on August 24th

A near-50pc surge in iron ore prices over the past three months has lifted the product's share of Chinese steel costs to an all-time high.

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.

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

The 2010 ferrosilicon contract price on ZCE closed at 5772 yuan per ton on August 24.

Nickel price trend on August 24th