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.

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

"Pretty much everyone accepts the current level [of premiums] is the new reality", a trader said.

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.

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.