Elevated production costs for Turkish producers amid low scrap availability and less slab purchasing options.

The 2303 ferrosilicon contract price on ZCE closed at 8234 yuan per ton on January 4.

While ensuring safe production, Shanxi has accelerated expanding its output and transport capacity and optimized and restructured coal mines to ensure energy supply.

By September this year, the number of iron and steel enterprises in the northern Chinese province had been slashed to 39 from 123 about 10 years ago.

During this period, the province also transmitted 18 percent more electricity to support other regions -- as against the figure for the same period in 2021.

He said that Indonesia would continue to receive high coal demands from European countries.

After the reorganization, Sinosteel will no longer be under the direct regulation of the SASAC.

The channel is also a major route for China's west-to-east coal transportation, ensuring the country's energy consumption demand is met.