In the Pacific, coal trade from eastern Russia to buyers was disrupted.

Short Range Outlook : April 2022

War in Ukraine a major gamechanger for global longs market

Fortescue finds funding for growth projects

The low utilisation of hot-rolled coil (HRC) quotas so far this quarter is testimony to low demand for imported tonnes at the start of this year.

NIOB can accommodate vessels with a maximum length of 300m, width of 48m and draft of 14.5m.

The increases led Brazil to reach a total 182,841MW in installed capacity.

The company's standalone capacity utilisation was 98pc during January-March compared with 93pc for the same period last year.