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

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

The tone of steel bidding in September was established last Friday with the bidding price of HBIS Group at 10700 yuan per ton.

China's August output reached 233,300t, up by 7.56pc from July, according to data from the China Nonferrous Metals Industry Association.

These are higher-value tonnages than many large iron ore shipments.

These are higher-value tonnages than many large iron ore shipments.

These are higher-value tonnages than many large iron ore shipments.

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