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Steel tender of March moving slowly and showing pessimistic signs by both prices and volumes declining.

Hoa Phat Group exported more than 265,000 tonnes of construction steel in 2019, up 11.3 percent year on year, the multi-sectoral conglomerate reported.

Ferrosilicon futures 2005 contract closed at 5674 on Thursday March 5.

The ferrosilicon production in February was 407.6 thousand tons and year-to-date production through February, 2020 was 861.85 thousand tons.

Ferrosilicon futures 2005 contract close at 5644 on Wednesday March 4.

The operating rate of China ferrosilicon industry was 56.06% in February, down by 4.92% vs. the prior month.

PTI reported that Indian government is working on strengthening the steel ecosystem in Odisha whose steel production is set to cross 100 million tonnes per annum by 2030.

Ferrosilicon futures 2005 contract closed at 5714 on Tuesday March 3.