Finished Import Market Share Estimated at 20 Percent in March.

As for Brazil, Vale's iron ore shipment to global destinations swelled for the second week by another 15,000 tonnes on week to 4.4 million tonnes.

Chinese steelmakers were not keen to chase export business last week, due to hot domestic sales and the uncertainties still hanging about whether the steel export tax rebates would be cut, industry sources said.

Therefore, the price disparity reached Yuan 748/t (based on CFR price*exchange rate + tariff + VAT Vs China's domestic price), up Yuan 123/t on week, some institutions calculated.

The 2105 ferrosilicon contract price on ZCE closed at 6,754 yuan per ton on April 8.

On April 6, Ulanqab city issued a notice on printing and distributing the plan of eliminating backward and resolving excess capacity.

Arnab Hazra, Deputy Secretary General of ISA, recently said that India's steel demand will rebound strongly in 2021 and is expected to grow by about 22% to about 100 million tons.

Eurasian Resources Group subsidiary TNC Kazchrome JSC has achieved a new production record.