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

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

Europe may continue to dominate US thermal coal exports in 2023 but demand for high-sulfur coal may wane.

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

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

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

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

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