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Coal is Mongolia's main export commodity.

Vietnam spent more than 5.4 billion U.S. dollars importing over 5.1 million tons of steel and iron in the first five months of this year.

This week, ferrosilicon futures rose first and then declined, and was overall upgoing.

The 2205 ferrosilicon contract price on ZCE closed at 9774 yuan per ton on June 10.

The 2205 ferrosilicon contract price on ZCE closed at 9762 yuan per ton on June 9.

The 2205 ferrosilicon contract price on ZCE closed at 9902 yuan per ton on June 8.

Finished steel consumption in April-May rose by 10.1pc on the year to 18.5mn t, while production climbed by 7.7pc against the previous year to 19.11mn t.

In late May 2022, key iron and steel enterprises produced 25.5119 million tons of crude steel, 22.5128 million tons of pig iron and 24.9286 million tons of steel.