The deal also enhances cooperation with the UK in accelerating the decarbonisation process of the iron and steel industry as Vietnam was striving to achieve net zero by 2050.

Thai steel manufacturers are planning to increase their domestic prices following a rise in operational costs.

Mining sector would be hardest hit by Transnet strike, says economist

Mining sector would be hardest hit by Transnet strike, says economist

Steelmaker Nucor is keeping its plate prices flat, just weeks after announcing lower pricing.

Japanese automaker Honda expects to boost its North American production in the fourth quarter as access to auto parts improves.

The company's saleable iron ore production stood at 1.08mn t over the three-month period, while sales edged up by 2pc against the previous year, to 1.34mn t.

The 2211 ferrosilicon contract price on ZCE closed at 8698 yuan per ton on October 11.