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

UK-Australian mining firm Rio Tinto expects to come in at the bottom of its 320mn-335mn t guidance for 2022.

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

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

Market participants report significant advancements after Brazilian electricity regulator Aneel approved temporary rules for a new demand response program, but say there is still room for improvement.

Australian resources firm BHP has kept its iron ore production guidance for the 2022-23 fiscal year to 30 June unchanged with sustained output.

Japan and the US remained Vietnam's top two suppliers and accounted for 58pc of total imports in September.

US steelmaker Nucor is expecting to roll its first plate at its new Brandenburg, Kentucky, mill by the end of the year.