Railroads have been trying to address the persistent delays by hiring more people and making other adjustments.

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There were 30 vessels queued off the port on 5 December, which was in line with 7 November.

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.

Brazil's grid operator ONS forecasts an average 3.4pc yearly increase in power demand from 2023-2027.

China, the EU, US and India are the main drivers behind the IEA's higher estimates.

Japan imports 360110.745 tons of ferrosilicon (si>55%) from January to October 2022.