A high backwardation continued to dampen import appetite, leading to thin liquidity, although offers were quoted higher.

Since its first iron ore shipment to China in 1973, Rio Tinto has supplied China with more than 3.5 billion tons of high-quality iron ore.

The London Metal Exchange is to launch a number of new initiatives to boost the screen liquidity of its cash-settled ferrous futures contracts, it announced during the LME Focus Day event on Oct. 27.

The location of the second planned mill has not been announced.

Fastmarkets sources continued to insist that prices were in parity, as rare as the phenomenon is.

The problem is that there are more than 13m tons of HRC capacity coming online or planned to come online in the next three years.

At present, of the 17,244 tonnes of on-warrant nickel in LME warehouses in Rotterdam, briquette accounts for more than 92%.

The province's total import and export value from January to September hit 260.91 billion yuan ($35.96 billion), up 16.4 percent year-on-year.