Ground has been broken for a massive expansion project that will add an electric arc furnace to the AM/NS Calvert steel mill north of Mobile.

After the Spring Festival holiday, ferrosilicon spot market gradually returned to normal operation.

The group also enjoyed spectacular growth in agriculture which made up 11.7 percent of its revenue and 12.4 percent of after-tax profit.

India's crude steel production fell by 10.6 per cent to 99.6 million tonnes (MT) in 2020, according to the worldsteel.

The company's average capacity utilisation was 96% during the month of January 2021.

The minister said that a sum of Rs 20,000 crore has been provisioned in the Budget to capitalise the DFI.

Russia may tighten restrictions on scrap export

The 2105 ferrosilicon contract price on ZCE closed at 7224 yuan per ton on February 19.