The carbon intensity of the UK power sector reached its highest level in over a year in January.

"[Rail operator] Transnet Freight Rail (TFR) is cancelling many trains," said one supplier.

Baowu produced 96mn t of steel in 2019 to overtake Luxembourg-based ArcelorMittal, which produced 89.8mn t, as the world's largest steelmaker.

In one of the most challenging engineering projects ever undertaken, Chile is building a unique steel-built suspension bridge near the site of the strongest earthquake ever recorded.

Brazilian mining firm Vale said it expects to achieve iron ore production capacity of 350mn t/yr this year, up by 8.7pc from a year earlier.

The company plans to produce up to 160000 tons of new products from the second half of 2022.

"[Rail operator] Transnet Freight Rail (TFR) is cancelling many trains," said one supplier.

Japanese steel mill Nippon Steel expects its crude steel output in this year's January-March quarter to recover above 10mn t for the first time since January-March 2020.