World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 151.7 million tonnes (Mt) in September 2022, a 3.7% increase compared to September 2021.

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

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

Australian-Japanese joint venture BHP Mitsubishi Alliance (BMA) is facing potential strikes at its coking coal mines in Queensland, as members of Australian unions vote in favour of taking protected industrial action.

The firm maintained its 2022-23 financial year production guidance at 58mn-64mn t.

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

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

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