Australian resources firm BHP has kept its iron ore production guidance for the 2022-23 fiscal year to 30 June unchanged with sustained output.

Volumes on the CME Group's north European hot-rolled coil (HRC) contract have already doubled compared to 2021.

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

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

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

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.

Steel shipments from US mills fell in August as the market continued to deal with declining prices.

US steelmaker Nucor is expecting to roll its first plate at its new Brandenburg, Kentucky, mill by the end of the year.