US steelmaker Nucor has kept its plate pricing flat, a month after it dropped prices by triple digits.

The daily Argus ICX 62pc iron ore index was at $117.35/dry metric tonne on 3 January, down by 2.2pc from a year earlier.

A year ago the spread was $1,058/st as HRC prices were plunging from record-high levels.

India's largest iron ore producer NMDC has raised its iron ore prices for January, the second straight month of increase.

Japan produces around 1mn permanent magnet synchronous motors for vehicles each year, according to trade ministry data.

Africa can produce 50Mt/y of green hydrogen at less than €2/kg by 2035, report shows

BHP and Oz Minerals agree on takeover deal

This has been a year of crisis for the nickel market.