Buyers were reluctant to book large tonnages before prices hit a market bottom and end-user demand begins to improve.

Steelmakers were announcing price increases to try to reverse the trend.

COKING COAL on Tuesday: Chinese buyers mildly bullish but market still muted.

It estimates that pellet consumption could increase its proportion of the total raw material mix in blast furnaces from 11% in 2015 to 19% in 2025.

ferro-alloys.com:Fortescue in competition for massive West African iron ore project

Latin American Steel Exports to US Tumble on Quotas & Weak Demand.

Indian steel demand to improve in H2, but weak H1 expected: Crisil.

Currently, India has a production capacity of about 140 million tonne (MT) capacity and produces over 100 MT of steel annually, he said.