South Korea imported 412,000t of ferrous scrap in April, a rise of 30pc on the month but a 6pc fall on the year.

Chinese ferrous scrap imports nearly trebled in April from the previous month as steel mills and trading firms increased purchases after initial trial shipments successfully cleared customs.

Iron ore was one of the most resilient sectors in Australia's resources industry during Covid-19, with another record-breaking year of profits in the 2019-20 fiscal year to 30 June.

ANSA reported that a court has sentenced brothers Mr Fabio Riva and Mr Nicola Riva to 22 and 20 years in jail respectively for the environmental disaster caused by the ILVA steelworks in the southern city of Taranto.

Effected by the pandemic, OM paused the production of ferro-alloys in Malaysia.

"Regulators pay a lot of attention to the local environment, but not to the net benefits to the climate," said Anna Borg, chief executive of Swedish utility Vattenfall.

Democratic Republic of Congo has authorised exports of copper.

Australian copper miner 29Metals and its shareholders are seeking to raise as much as A$609.1-million ($471-million) in an initial public offering (IPO) in Sydney.