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

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

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Finished Import Market Share Estimated at 23 Percent in December.

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

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.