Li said the larger goal is to promote green transformation of traditional industries and speed up development of new industrial clusters for more sustainable development in the city.

The 2105 ferrosilicon contract price on ZCE closed at 8,110 yuan per ton on March 10.

The new offer for HDG, with immediate effect, will be €900/t base, while CRC will be offered at €870-880/t.

The 2105 ferrosilicon contract price on ZCE closed at 7,968 yuan per ton on March 9.

None of the firms operating large thermal coal assets in Australia were profitable in July-December when high grade thermal coal prices were around $50/t fob Newcastle.

The 2105 ferrosilicon contract price on ZCE closed at 8,076 yuan per ton on March 8.

The pilot programme might not affect the ratio of iron ore in mills' blends, which has seen less direct-charge use recently, but total output might be reduced, a mill iron ore buyer said.

The 2105 ferrosilicon contract price on ZCE closed at 8,078 yuan per ton on March 5.