China will step up efforts in reducing steel production and set up a mechanism for the regulation of the remaining steel to reach goals for "carbon-peak" and "carbon neutralization".

On the 27th, the national billet market rose steadily.

The 2105 ferrosilicon contract price on ZCE closed at 7012 yuan per ton on January 27.

The 2105 ferrosilicon contract price on ZCE closed at 7012 yuan per ton on January 27.

Global crude steel production reached 1,864.0 million tonnes (Mt) for the year 2020, down by 0.9% compared to 2019.

The 2105 ferrosilicon contract price on ZCE closed at 6988 yuan per ton on January 26.

In December 2020, China exported 18034.584 tons of ferrosilicon (containing by weight more than 55% of silicon).

The 2105 ferrosilicon contract price on ZCE closed at 7076 yuan per ton on January 25.