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China's benchmark power coal price dropped slightly during the past week.

Japan ferrosilicon (>55%) imports down 22.40% YoY in 2020.

The 2105 ferrosilicon contract price on ZCE closed at 7,684 yuan per ton on February 25.

"China has been the largest market for Vale since 2006 and has become more and more important to Vale in recent years," Xie said.

The 2105 ferrosilicon contract price on ZCE closed at 7746 yuan per ton on February 24.

The amount exceeded the previous record of 1.08 billion tons in 2017, said the General Administration of Customs.

The 2105 ferrosilicon contract price on ZCE closed at 7530 yuan per ton on February 23.

From 2016 to 2020, Hebei reduced its crude steel production capacity by over 82 million tons, said the report delivered at the annual session of the provincial legislature, which opened on Friday.