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

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

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

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.

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

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

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

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