The crude steel output from January to September hit 781.59 million tons, up 4.5 percent from a year ago.

The 2101 ferrosilicon contract price on ZCE closed at 5916 yuan per ton on November 13.

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.