The Argus 62pc lump premium stood at 20￠/dry metric tonne unit (dmtu) on 30 September, the highest since June.

The Argus weekly domestic US ex-works plate assessment was flat at $1,620/st.

JISPL's production plunged by 77pc on the year to 30,000t during July to September.

BHP is the only one of the big four Western Australian iron ore mining firms to operate major coking coal exporting facilities.

Indian private-sector producer JSW Steel has signed an initial deal with US-based finance technology firm Smartex to explore low-emissions steel production.

The US shipped 139,162t to China in August, 88.8pc lower than a year earlier and 51.8pc lower than July.

India's largest iron ore producer state-controlled NMDC rolled over its prices for a second straight month in October.

Volumes on the CME Group's north European hot-rolled coil (HRC) contract have already doubled compared to 2021.