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.

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

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.

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

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

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.