Ferro-Alloy Resources marches on at the Balasausqandiq vanadium project in Kazakhstan

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

HRC lead times in the Midwest were flat at 4-5 weeks.

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

"It is a step forwards but it has by no means answered all questions or addressed all outstanding issues," Hydrogen UK chief executive Clare Jackson said.

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

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

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.