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China's daily crude steel runs rose 1.3 per cent in September to the highest level in three months, data from the country's statistics agency showed, suggesting mills were still close to full capacity despite weak demand and a steep slump in prices.

Two steel companies have lowered their prices in an attempt to increase sales in the domestic market, according to the Executive director of the Chamber of Metallurgical Industries Mohamed Hanafi in a statement to the Daily News Egypt.

Seeking to allay concerns of the Indian steel industry over free trade agreements, senior commerce ministry officials today said imports from Japan and S Korea are "certainly" positive outcomes of these pacts as it is mainly consumed by automobile industry

The Indian government has again delayed a decision on permitting Posco to mine iron ore, seeking more clarifications from Odisha where the South Korean company has waited nine years to set up a $12 billion steel plant.

Pakistan Steel Mills, a relic of state ownership threatened by losses and bloated costs, needs an additional bailout package from the government if it is to achieve production target of over 75 percent by February 2015, an official said on Saturday.

China's iron ore imports are set to rise to around 900 million metric tons this year, a 15 percent year-on-year growth, on the back of the country's growing steel production base and higher output capacity of overseas mining giants, experts said on Friday.