The company's saleable iron ore production stood at 1.08mn t over the three-month period, while sales edged up by 2pc against the previous year, to 1.34mn t.

Japanese automaker Honda expects to boost its North American production in the fourth quarter as access to auto parts improves.

US steelmakers' attempts to correct the oversupply may be swamped by new capacity coming online.

Machine shop turnings price indications are expected to emerge later, but a sideways trend would leave prices at $130/gt.

Private construction was at a seasonally adjusted annual rate of $1.43tn, 0.6pc below the July estimate of $1.44tn.

The plate delivered assessment rose by $8.25/st to $1,676.50/st.

Peru’s mining exports fell in the first eight months, the first accumulated year-on-year drop in 2022.

SAO PAULO - Brazilian conglomerate Cosan said on Friday it had acquired a 4.9% stake in Vale and intends to increase its bet in the mining company.