Coal shipments from Gladstone were at a record low in February following a derailment outside the port.

US steelmaker Evraz North America has increased its prices for flat steel products.

US integrated steelmaker Cleveland-Cliffs has increased its flat steel prices by $100/short ton (st), targeting a minimum hot-rolled coil (HRC) price of $1,200/st.

The plant will use biogas feedstock and iron ore as a catalyst to also produce 380 t/yr of graphitic carbon, he said.

The Argus weekly domestic US HRC Midwest and southern assessments both increased by $50/short ton (st) to $1,150/st.

Indian private-sector producer JSW Steel's crude steel output rose by 10pc from a year earlier to 1.73mn t.

China is taking fresh measures to deter hoarding of iron-ore in a bid to cool a surge in prices of the key steel-making material.

Mexico’s construction sector contracted 1.0% in January from December, statistics office Inegi said.