The profit growth of Chinese industrial firms was positive for the first time this year as economic order further normalized from the COVID-19 epidemic in May, the National Bureau of Statistics said on Sunday.

The 2009 ferrosilicon contract price on ZCE closed at 5944 yuan per ton on June 29.

China exported 27781.63 tons of ferrosilicon (>55%) in May, down 32.41% vs. last month and down 23.82% year on year.

Spot prices for flat-rolled steel in the US fell again this week as mills struggled to book new spot orders.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.8 million tonnes (Mt) in May 2020, an 8.7% decrease compared to May 2019.

The 2009 ferrosilicon contract price on ZCE closed at 5976 yuan per ton on June 24.

The construction of a major bridge over the Yarlung Zangbo River in southwest China's Tibet Autonomous Region completed closure on Saturday.

The 2009 ferrosilicon contract price on ZCE closed at 5954 yuan per ton on June 23.