The Argus weekly domestic US ex-works plate assessment was flat at $1,620/st.

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

Australian resources firm BHP has kept its iron ore production guidance for the 2022-23 fiscal year to 30 June unchanged with sustained output.

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

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

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

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

US steelmaker Nucor is expecting to roll its first plate at its new Brandenburg, Kentucky, mill by the end of the year.