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

Volumes on the CME Group's north European hot-rolled coil (HRC) contract have already doubled compared to 2021.

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

India's largest iron ore producer state-controlled NMDC rolled over its prices for a second straight month in October.

The federal government also has a renewable energy target of 82pc by 2030, up from around a third currently.

The Australian and Singaporean governments have signed a green trade agreement to support trade, investment and climate change objectives.

The US shipped 139,162t to China in August, 88.8pc lower than a year earlier and 51.8pc lower than July.

Steel shipments from US mills fell in August as the market continued to deal with declining prices.