The steel bidding in April was delayed, and the price gradually dropped.

Mining giant BHP Group anticipates more growth opportunities in China thanks to the country's high-quality urbanization, a top company official said.

Adjusted year-to-date production through April 3, 2021 was 23,172,000 net tons, at a capability utilization rate of 77.0 percent.

Finished Import Market Share Estimated at 20 Percent in March.

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.

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.

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.