In early May, key steel mills produced 20.5169 million tons of crude steel, 18.4871 million tons of pig iron.

Japanese carmaker Toyota Motor has projected that its global car sales will fall by 22pc from a year earlier to 7mn units during the April 2020-March 2021 fiscal year on expectations that the global car market will bottom out during April-June.

The 2009 ferrosilicon contract price on ZCE closed at 5840 yuan per ton on May 12.

Ferrosilicon output in Ordos City in Jan-Mar.

The Indian Steel Association (ISA) has revised downward India’s steel demand growth forecast for 2020 from 5.1% as per growth predictions made in February this year.

Ferroalloy output in Ordos City in Jan-Mar.

Import permit tonnage for finished steel in April was 1,317,000, down 13.0% from the final imports total of 1,514,000 in March.

The 2009 ferrosilicon contract price on ZCE closed at 5816 yuan per ton on May 11.