In the week ending on December 17, 2022, domestic raw steel production was 1,627,000 net tons while the capability utilization rate was 72.9 percent.

The American Iron and Steel Institute (AISI) reported that for the month of October 2022, U.S. steel mills shipped 7,210,301 net tons.

Ferro-Alloy Resources marches on at the Balasausqandiq vanadium project in Kazakhstan

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

"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.

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.