1. Chinese steel exports dropped nearly 20 percent month on month to 9.025 million tonnes in October, compared to 11.25 million tonnes in September, China Customs released over the weekend.
2. Chongqing Iron and Steel Co. (601005.SH) on late Friday said it had been granted 51.8 million yuan in loans with discounted interests for lowering its financial burdens after removal.
3. The campaign led by China's Ministry of Industry and Information Technology (MIIT) to crack down on illegal rare earth mining and production activities will likely prop up the rare earth prices in the short term, according to the Shanghai Metals Market (SMM), a leading metal information provider in China.
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