The plate delivered assessment rose by $8.25/st to $1,676.50/st.

Machine shop turnings price indications are expected to emerge later, but a sideways trend would leave prices at $130/gt.

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

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.

Indian private-sector producer Tata Steel's sales rose by 7.2pc on the year in July-September, despite monsoon-led seasonal weakness.

Integrated steelmaker US Steel is indefinitely idling a blast furnace at its Mon Valley Works in Pennsylvania.

US steelmakers' attempts to correct the oversupply may be swamped by new capacity coming online.

Peru’s mining exports fell in the first eight months, the first accumulated year-on-year drop in 2022.