Finished Import Market Share YTD at 24%

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

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

Finished Import Market Share Estimated at 23 Percent in December.

The domestic demand forecast was cautiously optimistic, according to market sources, led by stronger increased spending for the infrastructure market.

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

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

The 2303 ferrosilicon contract price on ZCE closed at 8234 yuan per ton on January 4.