The federal government also has a renewable energy target of 82pc by 2030, up from around a third currently.

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.

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

China exports 19839.577 tons of ferrosilicon (Si≤55%) from January to September 2022.

China exports 2174.5 tons of ferrosilicon (Si≤55%) in September 2022.

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