"Meanwhile some Chinese enterprises specialized in steel and others are interested in the Egyptian market and related projects under discussion".

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

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

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.

The agency’s views are based on its study of 38 listed and unlisted Indian steel companies.

The IIP decreased by an estimated 1.6 percent compared to last month.

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).