HBIS and POSCO are both leading players in the global steel industry.

"I don't see a contradiction between that and having a strong climate change policy."

Each household has also been given a carbon monoxide alarm, it said.

The iron ore options started trading at the Dalian Commodity Exchange (DCE) on Monday.

AM Italia sites to strike as production cuts, 4,700 jobs threatened.

"It's a big mess and people are totally confused - all buyers prefer to import on a CFR basis as it's easy," a steel trader said.

Vietnam's consumption of steel products, especially colour-coated steel, declined in October while production continued to rise, according to the Vietnam Steel Association (VSA).

Vale said it plans a "coordinated exit" for its steel joint ventures, in an investor presentation this week.