China's investment in property rose 11.8% year on year to Yuan 1.31 trillion ($193.8 billion) in August.

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 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%.

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.

Strong demand from the property sector was lending some support to long steel, aluminum and copper markets in September, market sources said.