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.

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

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

By September this year, the number of iron and steel enterprises in the northern Chinese province had been slashed to 39 from 123 about 10 years ago.

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

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

Fluorspar is the commercial name for the naturally occurring mineral fluorite, composed of calcium and fluorine (CaF2).