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

In November alone, production of finished steel reached over 1.82 million tonnes.

Finished Import Market Share YTD at 24%

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

Finished Import Market Share Estimated at 23 Percent in December.

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

Elevated production costs for Turkish producers amid low scrap availability and less slab purchasing options.

After the reorganization, Sinosteel will no longer be under the direct regulation of the SASAC.