This means that China might have a chance to challenge some of the traditional options trading markets such as Singapore.

A U.S. White House decision to reimpose tariffs on Argentine steel and aluminum imports was "unexpected," Minister of Production and Labor Dante Sica said on Monday.

The decrease is 0.1 percentage point greater than expected.

Stronger than expected floor space starts in China in October indicates demand for steel from the property construction sector could be stronger than anticipted in early 2020.

SMB, together with Singapore's Winning, won a tender to develop Simandou's blocks 1 and 2.

"Improving product quality should be a major priority, to use high standards to push forward high quality development of the industry."

Following months of uncertainty, thousands of British Steel workers are feeling cautiously optimistic.

Chinese ferro-silicon prices continued their steady performance amid firmer steel prices and export market stable in China.