"It's a big mess and people are totally confused - all buyers prefer to import on a CFR basis as it's easy," a steel trader said.

AM Italia sites to strike as production cuts, 4,700 jobs threatened.

The agency’s views are based on its study of 38 listed and unlisted Indian steel companies.

Vietnam's consumption of steel products, especially colour-coated steel, declined in October while production continued to rise, according to the Vietnam Steel Association (VSA).

The IIP decreased by an estimated 1.6 percent compared to last month.

Vale said it plans a "coordinated exit" for its steel joint ventures, in an investor presentation this week.

French Government Threatening to Block Jingye Deal for British Steel.

The US president then again lashed out at the Federal Reserve, pressing it to lower interest rates and loosen monetary policy so that many countries can "no longer take advantage of" a strong dollar.