Hoa Phat Group has signed a contract to export 10,000 tonnes of steel wire in coil form to Europe.

In the week ending on December 31, 2022, US domestic raw steel production was 1,602,000 net tons while the capability utilization rate was 71.8 percent.

This has been a year of crisis for the nickel market.

Finished Import Market Share Estimated at 23 Percent in December.

"Pretty much everyone accepts the current level [of premiums] is the new reality", a trader said.

However, the net debt to equity ratio of steel companies is still significantly better than in the 2010-2019 period.

The domestic demand forecast was cautiously optimistic, according to market sources, led by stronger increased spending for the infrastructure market.

US hot rolled coil (HRC) spot prices moved down as the market remained quiet due to the Christmas holiday.