Demand usually picks up during the Indian festivals of Dussehra and Diwali, which is celebrated in October and November, respectively.

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.

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

From January to July, Liaoning's foreign trade of goods reached 439.01 billion yuan ($67.74 billion), up 13.6 percent year-on-year, according to Shenyang Customs.

The consumer price index, a main gauge of inflation, grew by 0.8 percent year-on-year last month, down from 1 percent in July, the bureau said.