The 2101 ferrosilicon contract price on ZCE closed at 5958 yuan per ton on November 4.

China’s iron ore market appears in supply-demand sweet spot

China to expand ban on Australian imports to copper

"The government of Ethiopia encourages companies like CISDI Group, considering the potential of the construction sector in advancing the country's economy," Tariku added.

China Taiyuan coal transaction price index stood at 127.74 points Monday, down 0.16 percent week on week.

This came as the Ethiopia's Consul General in Chongqing, China, Anteneh Tariku, held "a fruitful discussion" with Zhang Yong.

With more than 10,000 registered coal traders, the CTCTC is the largest coal trading center in China.

India’s top steelmakers complained their production for the quarter ended September was affected due to a shortage in availability of iron ore and several steel industry bodies have petitioned the commerce ministry to address the issue.