Finished Import Market Share YTD at 24%

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

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.

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

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

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

The channel is also a major route for China's west-to-east coal transportation, ensuring the country's energy consumption demand is met.