Fenix Resources (ASX:FEX) now has sales agreements covering all of its iron ore production from the Iron Ridge project in Western Australia after reaching a binding offtake agreement with Chinese heavyweight Sinosteel.

The decline slightly widened from the 2-percent drop in August, the NBS data showed.

The 2101 ferrosilicon contract price on ZCE closed at 5968 yuan per ton on October 16.

Opening price of ferrosilicon futures 2101 contract of this week was 5,840.

The Nigerian government on Tuesday launched the commercial operation of the Itakpe-Ajaokuta-Warri railway.

In the same period, imports of soybeans rose 15.5 percent, pork imports grew by 132.2 percent and beef imports increased 38.8 percent.

Steel inventories at member mills of the China Iron & Steel Association (CISA) and in the spot market both increased in early October.

In the week ending on October 10, 2020, US domestic raw steel production was 1,502,000 net tons.