Iron ore rebounds as support holds near $90/T despite demand worries

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World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 151.7 million tonnes (Mt) in September 2022, a 3.7% increase compared to September 2021.

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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.

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

The firm maintained its 2022-23 financial year production guidance at 58mn-64mn t.

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