Latin America saw its production of crude steel in December fall by 12% compared to the same month of 2018.

China has resumed 70.2 percent of its coal production capacity with output recovering steadily amid the fight against the novel coronavirus epidemic.

Authorities in Fuzhou, capital of East China's Fujian province, are stepping up efforts to help businesses resume production after the prolonged shutdown for the Lunar New Year holiday.

Ferrosilicon futures 2005 contract close at 5762 on Friday February 21.

"In the third quarter, I think you'll see a meaningful rebound aided by measures taken by the central bank," he told China Daily.

The steel mills continue purchasing ferrosilicon but the tender price declining from last week.

Ferrosilicon futures 2005 contract close at 5784 on Thursday February 20.

Nickel price trend on February 20th