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

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.

Mechel PAO's Chief Executive Officer Oleg Korzhov commented on 1H2020 operational results:

China's Baowu buys stake in TISCO, making a steel giant even larger

The steel subsidiary should combine its own reform and development with the integrated development of the Yangtze River Delta.

Shanxi-based TISCO, which has an annual capacity of 12.94 million tons, is a global leader in stainless steel.

Shanxi-based TISCO, which has an annual capacity of 12.94 million tons, is a global leader in stainless steel.

Metal markets caught out by strength of Chinese stimulus