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China's daily crude steel output fell 6.1% from a month ago to 2.3 million tons in October.

Steel prices on November 26 fell sharply on the Shanghai Exchange. For the domestic market, VDSC forecasts that the domestic sales volume may adjust to normal levels in November.

The US side accused Vietnam of importing cold-rolled and hot-rolled steel from Japan to manufacture the products under investigation.

According to the latest information from the General Department of Customs, in October, export turnover to the Belgian market reached nearly 309 million USD, thereby bringing the total turnover in the first 10 months of the year to 2.874 billion USD.

Last session, oil price was stable while coal increased sharply. Other commodities moved in the opposite direction.

China's magnesium exports in October 2021 increased nearly 44% from September 2021 to a 19-month high, as supply increased as production recovered, according to data from the General Administration of Customs of China.

According to calculations from preliminary statistics of the General Department of Customs, iron and steel exports in the last 4 consecutive months have reached a turnover of 1 billion USD or more/month.

Iron ore prices on the Chinese market fell to their lowest level in more than a year due to a weak demand outlook.

Weakening Chinese iron ore demand will be a huge shock to many of the world's mining giants, which are exporting hundreds of millions of iron ore to the world's second-largest economy.

The European Union (EU) has imposed tariffs on cold rolled stainless steel imports from India and Indonesia.

China's iron ore fell for a fourth straight session and coke hit a four-month low on Wednesday on a weaker demand outlook and easing supply concerns for the steelmaker's raw material. largest steel in the world.

Difference between Iron and Steel