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

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

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

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

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

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

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

Japan and the US remained Vietnam's top two suppliers and accounted for 58pc of total imports in September.