Prices remain down by 33pc from their April peak of $1,200/st.

China's steel industry maintained steady operations in the first three quarters of 2023, marked by an increasing output and improved structure, the China Iron and Steel Association (CISA) said on Tuesday.

China announced on Friday that it will impose export controls on certain graphite materials and related products, effective from December 1.

It found that mild weather over Australia's winter led to lower demand for electricity over the period.

With robust signs from the realty and construction sectors, the steel market will recover soon, he added.

World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 149.3 million tonnes (Mt) in September 2023, a 1.5% decrease compared to September 2022.

The 2312 ferrosilicon contract price on ZCE closed at 7038 yuan per ton on October 24.

Brazil-focused explorer Bravo Mining (TSXV: BRVO) shares surged on Monday after the company announced an initial resource estimate for its Luanga palladium-platinum-rhodium-gold-nickel project located in Pará state.