Most of the capital goods monitored by the Chinese government posted lower prices in late September compared with mid-September this year, official data showed Sunday.

An industry index shows the country's courier market bounced back from its previous lows to become brisk in September, a usually buoyant month.

Iron-ore futures slumped on Wednesday, with the Dalian benchmark contract hitting its lowest in two weeks, as intensified Covid-19 curbs in China and signals that its draconian zero-case approach will continue weighed on sentiment.

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Hoa Phat Group produced over 6 million tonnes of crude steel in the first nine months of the year, matching its output from last year.

The deal also enhances cooperation with the UK in accelerating the decarbonisation process of the iron and steel industry as Vietnam was striving to achieve net zero by 2050.

The manufacturing sector is a driving force behind economic growth.

Thai steel manufacturers are planning to increase their domestic prices following a rise in operational costs.