In the first nine months of this year, the group earned 65 trillion VND in revenue and over 8.84 trillion VND in after-tax profit.

Together with big steel producers, smaller firms also discussed difficulties for steel billet prices at the seminar.

The Yarrabubba Project has demonstrated the ability to produce a premium high-grade iron-vanadium magnetic concentrate product which will reduce funding and implementation risk for the Gabanintha Vanadium Project.

The 2101 ferrosilicon contract price on ZCE closed at 5912 yuan per ton on November 5.

The UK steel industry can expect a less severe outcome from the second lockdown planned for England from Nov. 5.

China's benchmark power coal price rose slightly during the past week.

Vanadium was a hot commodity a couple of years ago as prices rose and the energy storage narrative took off, but since then sentiment surrounding the metal has largely cooled.

China's steel sector registered output expansion in September as the country's economic recovery maintains momentum, industrial data showed.