It has been a busy week of news flow, much of which has reinforced the current narrative around the path for monetary policy, with interest rates set to stay on hold for an extended period.

Global stock markets clawed back some of their recent losses this week following easing tensions in the Middle East and some impressive corporate earnings statements.

The need to decarbonise is driving innovation in the steel sector, which in turn is reshaping the global value chain for one of its key inputs – iron ore.