Affected by the rise of steel sales price and the year-on-year increase of sales volume, the company's operating revenue and gross profit of product sales were better than expected.

A consortium of three Chinese companies signed a memorandum of understanding with Algerian National Iron and Steel Company on exploiting iron ore Tuesday in Algiers.

The 2105 ferrosilicon contract price on ZCE closed at 6,616 yuan per ton on April 12.

Finished Import Market Share Estimated at 20 Percent in March.

As of April 2, average price of SS400 HRC sold to the ASEAN region was $845/tonne CFR, while on the same day, the Q235B HRC price in Shanghai was Yuan 5,520/t ($842.7/t) including the 13% VAT.

Therefore, the price disparity reached Yuan 748/t (based on CFR price*exchange rate + tariff + VAT Vs China's domestic price), up Yuan 123/t on week, some institutions calculated.

The 2105 ferrosilicon contract price on ZCE closed at 6,754 yuan per ton on April 8.

China Taiyuan coal transaction price index stood at 139.58 points Monday, up 0.4 percent week on week.