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.

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

Finished Import Market Share YTD at 24%

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

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

Finished Import Market Share Estimated at 23 Percent in December.

Elevated production costs for Turkish producers amid low scrap availability and less slab purchasing options.

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