Hoa Phat Group produced over 6 million tonnes of crude steel in the first nine months of the year, matching its output from last year.

Steelmaker Nucor is keeping its plate prices flat, just weeks after announcing lower pricing.

Integrated steelmaker US Steel is indefinitely idling a blast furnace at its Mon Valley Works in Pennsylvania.

The plate delivered assessment rose by $8.25/st to $1,676.50/st.

US steelmakers' attempts to correct the oversupply may be swamped by new capacity coming online.

Machine shop turnings price indications are expected to emerge later, but a sideways trend would leave prices at $130/gt.

Tata Steel approved a merger with its seven metal subsidiaries last month to increase operational efficiency and reduce costs.

Private construction was at a seasonally adjusted annual rate of $1.43tn, 0.6pc below the July estimate of $1.44tn.