The 2211 ferrosilicon contract price on ZCE closed at 7998 yuan per ton on October 24.

Australian resources firm BHP has kept its iron ore production guidance for the 2022-23 fiscal year to 30 June unchanged with sustained output.

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

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.

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

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

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