HRC lead times in the Midwest increased to 4 weeks from 3-4 weeks.

Its July-September production fell by 77pc from a year earlier to 30,000t.

US plate maker Nucor kept its plate prices for December flat.

OEUK estimates only nine exploration and appraisal wells be drilled this year, down from around 60 in 2010.

Orion Minerals partners up at Okiep

The sites receiving ResponsibleSteel certification were POSCO’s Pohang and Gwangyang Steelworks in South Korea and Tata Steel’s Jamshedpur site in India.

Most of the capital goods in China posted lower prices in late October compared with mid-October, official data showed Friday.

These include changes to the Emissions Trading System (ETS) and a new levy on imports under the Carbon Border Adjustment Mechanism (CBAM) to prevent carbon leakage.