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

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

Low- or zero-carbon hydrogen and ammonia solutions may also be extended to the energy, chemicals and aviation industries, the EMA added.

There have been a number of 10,000t trades in recent days, the highest single monthly clip since the European contract launched in March 2020.

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

US steel imports may be set to fall in November to levels not seen since February 2021.

The RoDTEP scheme, which offers refunds on central, state and local duties and taxes, is applicable to exports until 30 September 2023.

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