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

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

"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.

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

There have been a number of 10,000t trades in recent days, the highest single monthly clip since the European contract launched in March 2020.

US steel imports may be set to fall in November to levels not seen since February 2021.

The RoDTEP scheme, which offers refunds on central, state and local duties and taxes, is applicable to exports until 30 September 2023.

The Australia low-volatile premium hard coking coal price has fallen by over $64/t, or 21pc, from the start of the month to $247.45/t fob on 30 November.