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

Indian private-sector producer JSW Steel has signed an initial deal with US-based finance technology firm Smartex to explore low-emissions steel production.

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

UK-Australian mining firm Rio Tinto expects to come in at the bottom of its 320mn-335mn t guidance for 2022.

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

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

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.

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