The third quarter net profits of Erdemir and Kardemir were down 41% and 18% respectively.

Chinese ferro-silicon prices continued their steady performance amid firmer steel prices and export market stable in China.

The outlook is based on seasonality, the gradual and safe return of operations.

Steel product consumption in Turkey declined 25.8% to 18.9 million tonnes in the first nine months of the year.

China's steel output posted steady growth in the first three quarters amid increasing market demand.

Nickel ore market weekly comment(Nov 4th- Nov 8th): The prices of Laterite-Nickel ore was stable this week

Ferronickel market weekly comment(Nov 4th- Nov 8th) The ferronickel price was stable in this week

Electrolytic nickel market weekly comment(Nov 4th- Nov 8th) LME nickel price dropped down in general, so did the electrolytic nickel price