Iron and steel export volume hit 858 tonnes, up 17-fold, while value surged 18 times annually to 1.27 million USD.

The 2009 ferrosilicon contract price on ZCE closed at 5816 yuan per ton on May 11.

YDD started cold commissioning three furnaces at its new Karaganda ferro-silicon operation in Kazakhstan at the end of 2018.

China's benchmark power coal price dropped slightly during the past week.

Concerns about Brazilian iron ore supply resurfaced among market participants this past week.

The average capacity utilisation was clocked at 38% for April 2020, the company said in a statement.

"Moreover, we intend to export 5,000-8,000 tonnes of ferro-silicon this year to North America."

The ferrosilicon market has been running smoothly, with little change in price before the holiday.