BHP and Oz Minerals agree on takeover deal

Finished Import Market Share YTD at 24%

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.

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

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