This week's ferrosilicon market is still dominated by favorable factors.

UK-Australian iron ore mining firm BHP has signed an agreement with Chinese steelmaker China Baowu to invest up to $35mn in jointly seeking technical solutions to reduce carbon emissions in steelmaking.

UK-Australian iron ore mining firm BHP has signed an agreement with Chinese steelmaker China Baowu to invest up to $35mn in jointly seeking technical solutions to reduce carbon emissions in steelmaking.

China's steel exports in October rose by 5.2pc from September to 4.04mn t as Chinese mills shifted supplies to overseas markets with falling domestic prices.

January-October imports rose by 73.9pc from a year earlier to 17.71mn.

The 2101 ferrosilicon contract price on ZCE closed at 5938 yuan per ton on November 12.

In the meeting, Gharibpour called for cooperation with the Australian side in various areas including training, exploration, extraction, and new technologies, IRIB reported.

Ferrosilicon Bidding Information in November, 2020 (11/12/2020).