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CITIC Special Steel expects net profit an increase of 812% - 869%.

Sanguang Minguang expects net profit in H1 down 47.25% - 58.98%.

Ferroglobe's combined silicon and manganese alloys shipments in 2019 slid 15% year on year to 926,077 mt.

Earnings before interest, taxes, depreciation and amortization (Ebitda) 57.77 billion rupees ($764.79 million), down 4% year on year.

But output was unaffected, the company said.

Net profit after tax 52.91 billion rupees ($700.46 million), down 35% year on year.

Chairman secretary of Bao Steel: More than 90% of the iron ore used by the company is imported.

"Moreover, we intend to export 5,000-8,000 tonnes of ferro-silicon this year to North America."