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

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.

Finished Import Market Share YTD at 24%

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

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.

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