Finished Import Market Share YTD at 24%

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

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

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.

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

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

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