Demand usually picks up during the Indian festivals of Dussehra and Diwali, which is celebrated in October and November, respectively.

Steelmakers are concerned that the European Commission might suspend duties on some steel products.

The spread is over four times as wide as the $326/st from a year ago.

US delays final conclusion on anti-dumping probe into Vietnam’s stainless steel

From January to July, Liaoning's foreign trade of goods reached 439.01 billion yuan ($67.74 billion), up 13.6 percent year-on-year, according to Shenyang Customs.

The consumer price index, a main gauge of inflation, grew by 0.8 percent year-on-year last month, down from 1 percent in July, the bureau said.

Side Effects of High Premium Mining Auction: After Gonua , JSW Steel May Likely Surrender Jajang Iron Ore Block

Vietnam's steel sales increase due to exports