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

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

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.

"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.

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.

UK-South African mining firm Anglo American has lowered its iron ore production guidance for 2022, 2023 and 2024.

Brazil's electricity regulator Aneel will put its proposal for the R32.1bn ($6.1bn) government's energy development fund (CDE) 2023 budget before the public for consultation and a hearing.

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.