Together with big steel producers, smaller firms also discussed difficulties for steel billet prices at the seminar.

Leading steel manufacturer Hoa Phat Group sold nearly 4.14 million tonnes of steel in the first ten months of 2020.

China's steel sector registered output expansion in September as the country's economic recovery maintains momentum, industrial data showed.

First, China has made the decision because fighting climate change is the common responsibility of humankind.

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

U.S. imported a total of 1,255,000 net tons (NT) of steel in September 2020.

The first phase of production at Adhunik Metaliks Ltd and Zion Steel will begin on Thursday after almost three years of its shutdown and the subsequent acquisition by Sanjeev Gupta's Liberty Steel through the insolvency process in February of this year.

State-owned iron ore producer NMDC said that it is trying its best to increase production to fight the shortage.