BHP and Oz Minerals agree on takeover deal

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.

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

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

Europe may continue to dominate US thermal coal exports in 2023 but demand for high-sulfur coal may wane.

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%

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