India's largest iron ore producer NMDC has raised its iron ore prices for January, the second straight month of increase.

Japan produces around 1mn permanent magnet synchronous motors for vehicles each year, according to trade ministry data.

A year ago the spread was $1,058/st as HRC prices were plunging from record-high levels.

The 2303 ferrosilicon contract price on ZCE closed at 8224 yuan per ton on January 5.

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

In the week ending on December 31, 2022, US domestic raw steel production was 1,602,000 net tons while the capability utilization rate was 71.8 percent.