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

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

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

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.

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

The Australian and Singaporean governments have signed a green trade agreement to support trade, investment and climate change objectives.

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.