India's largest iron ore producer NMDC has raised its iron ore prices for January, the second straight month of increase.

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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.

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

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.