Finished Import Market Share Estimated at 23 Percent in December.

In November alone, production of finished steel reached over 1.82 million tonnes.

Finished Import Market Share YTD at 24%

However, the net debt to equity ratio of steel companies is still significantly better than in the 2010-2019 period.

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.

The channel is also a major route for China's west-to-east coal transportation, ensuring the country's energy consumption demand is met.

By September this year, the number of iron and steel enterprises in the northern Chinese province had been slashed to 39 from 123 about 10 years ago.