The Singapore rebar import market is still experiencing limited spot trading despite the gradual restart of the domestic construction industry.

The 2009 ferrosilicon contract price on ZCE closed at 5910 yuan per ton on May 27.

The last time output fell to a similar level was in June 2009, when the output was 2.60 million tonnes, WV Stahl added.

Steelmaker ArcelorMittal is to receive a €75 million ($82 million) loan from the European Investment Bank (EIB) to be used on its projects intended to reduce carbon emissions.

China ferrosilicon (¡Ü55%) exports in April.

China ferrosilicon (¡Ü55%) exports in Jan-Apr.

Earnings before interest, taxes, depreciation and amortization (Ebitda) 57.77 billion rupees ($764.79 million), down 4% year on year.

But output was unaffected, the company said.