Baosteel Desheng, a subsidiary of China Baowu Iron and Steel Group, invested 13.6 billion yuan to build a fine stainless steel green industry base in 2018, and the project will be fully put into operation next year.

The silicon metals prices skyrocketed in September and started to fall after the National Day holiday in October. The prices of oxygen-free 553# silicon basically lost all the gains in September, and the prices of high-grade silicon was relatively firm.

Yunnan Provincial Development and Reform Commission announced on September 11 that the average monthly output of local industrial silicon companies should not exceed 10% of the August output from September to December.

According to the latest statistics from the China Gold Association, in 1H 2021, domestic raw material gold production was 152.75 mt, a decrease of 17.32 mt compared with the same period in 2020, down 10.18% year-on-year, among which 122.72 mt were mineral gold from mines and 30.03 mt were by-product gold from non-ferrous products. The supply of imported gold raw materials increased steadily, with 52.19 mt of gold produced from imported raw materials, up 9.33% year-on-year. In general, the country produced a total of 204.94 mt of gold, down 5.90% year-on-year.

In the first fiscal quarter ending in June 2021, Indian crude steel production increased by 61% year-on-year to 27.8 million tons, compared with 17.26 million tons in the same period last year.

COVID-19 pandemic once again swept the world recently. The new cases surged in US, Europe, and south-east Asia due to the spread of Delta variant. Pandemic was also spreading in China. On August 1, 31 province (including autonomous regions and municipalities) and the Xinjiang Production and Construction Corps reported 98 new confirmed cases, including 43 imported cases and 55 local cases.