The sentiment for finished steel prices continued to slide as the November scrap buy week was underway, according to the most recent S&P Global Commodity Insights US steel market participant survey.

The daily trading volume on the LME, inclusive of the liquidity window, totaled 16,930 mt on Nov. 1 and 33,430 mt on Nov 2.

Vietnam spent nearly 10.3 billion U.S. dollars importing roughly 9.8 million tons of steel and iron in the first 10 months of this year.

The company, also known as China Energy, has signed with 40 companies from 18 countries and regions for contracts worth $2.5 billion (17.9 billion yuan) during the fifth CIIE.

Although Brazilian miner Vale is focusing on cost control in response to the global economic slowdown, it also advances key projects.

Steelmaker Ternium, controlled by Italian-Argentine group Techint, saw its Q3 net income fall by more than 80% year-on-year to US$220mn.

By 2025, the country will have about 50,000 hydrogen fuel-cell vehicles and its annual hydrogen production from renewable energy will reach 100,000 to 200,000 tons.

The official said that the government will encourage central SOEs to conduct strategic cooperation in various ways.