The steelmaker cited market feedback and improved dynamics in the raw materials and distribution markets.

Essentially, under the latest leaked draft, you'll be able to sell hydrogen produced with green-washed electricity from early 2027.

Compared with the prior month, the CPI rose by 0.1pc in November on a seasonally adjusted basis, slowing from 0.4pc in the two prior months and well off a peak of 1.3pc in June.

There's been a peak in terms of the investment cycle over the last 30 or 40 years as the coal business internationally has gone through an expansion in various places.

Coal inventories at Indonesian coal-fired power plants are currently ample, according to state-owned utility PLN.

Online marketplace SteelBuy has had 67 live listings totalling over 1,000t since launching on 2 December.

Brazil's total installed generating capacity rose to 188.2GW as of 9 December.

Australian longwall and safety protocols will constrain UK-South African mining firm Anglo American's metallurgical coal production, leading it to cut its guidance for 2022, 2023 and 2024.