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

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.

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.

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

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

The US shipped 139,162t to China in August, 88.8pc lower than a year earlier and 51.8pc lower than July.