Baosteel Resources International, the raw material purchasing subsidiary of Baowu iron and Steel Group, the world's largest steel producer, has signed a strategic cooperation agreement with sibanthracite group, a large Russian coal producer.

According to the latest data of the World Iron and Steel Association, in January, the crude steel output of 64 countries included in the statistics of the world iron and Steel Association was 162.9 million tons, up 4.8% year-on-year.

Erdos is China's main coal-producing and consuming region. Envision's new project is designed to promote the use of cleaner energy in the area.

Under multiple positive factors, ferrosilicon market is generally optimistic, wait-and-see, bullish mood is gradually strong.

Details of chrome ore from Tianjin port from February 21, 2021 to February 26, 2021.

Baidu owns 55pc of the joint venture and Geely 45pc. Other details, including the location, construction schedules and design capacity were undisclosed.

The 2105 ferrosilicon contract price on ZCE closed at 7,762 yuan per ton on March 3.

June prices increased by $30/st to $1,070/st, while July prices rose by $31/st to $1,004/st. August futures prices rose by $18/st to $956/st.