Iron ore futures opened higher and closed lower on Wednesday in daytime trading at the Dalian Commodity Exchange (DCE).

New capacity will be strictly prohibited in the steel sector in 2020, said the China Iron and Steel Industry Association (CISA) Monday.

Top 20 positions increased and decreased varied, the purchase volume is more than the holding position.

In this week, most of the cored wire manufacturers completed the orders and delivery by the Chinese New Year on the whole. There is almost no inquiry from new customers. Some manufacturers have begun to acknowledge their regular customers and get ready for the...

China's steel industry needs to focus on quality and efficiency instead of expanding through scale and price competition.

Recently, the demand for solid pure calcium cored wire is good, but as the Spring Festival holiday is coming, there are little inquiries from new customers. The manufacturers are busy with completing orders from steel mills with no price adjustment.

Top 20 positions increased and decreased varied, the purchase volume is more than the holding position.

U.S. imported a total of 1,541,000 net tons (NT) of steel in November 2019.