The US Department of Commerce adopted a final rule Sept. 11 to modernize the Steel Import Monitoring and Analysis (SIMA) system, it said in a statement.

Major mills announced capacity shutdowns throughout April and May expecting an annual contraction of demand by at least 30%.

On a month-on-month basis, output was down 3.7%, while sales rose 3.5%.

Rio Tinto is seeking a new head of iron ore after it announced on Sept. 11 that Chris Salisbury will stand down at the end of this year.

China's domestic steel margins have slumped since the start of September due to high iron ore prices and a "correction" in finished steel prices, S&P Global Platts data shows.

The 2010 ferrosilicon contract price on ZCE closed at 5614 yuan per ton on September 18.

This week, the ferrosilicon market continued to maintain stable operation.

Only 18% of respondents expected their iron ore requirements to increase in Q4.