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

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.

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

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

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.