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China's domestic steel margins have slumped since the start of September due to high iron ore prices and a "correction" in finished steel prices, S&P Global Platts data shows.

Rio Tinto is seeking a new head of iron ore after it announced on Sept. 11 that Chris Salisbury will stand down at the end of this year.

On a month-on-month basis, output was down 3.7%, while sales rose 3.5%.

The 2010 ferrosilicon contract price on ZCE closed at 5614 yuan per ton on September 18.

China's investment in property rose 11.8% year on year to Yuan 1.31 trillion ($193.8 billion) in August.

This week, the ferrosilicon market continued to maintain stable operation.