"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.

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

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

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

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.

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.

The deal is expected to be announced later on Wednesday on the sidelines of a summit of EU and Southeast Asian leaders in Brussels.