The Argus weekly domestic US ex-works plate assessment was flat at $1,620/st.

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

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

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.

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

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

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.