A year ago the spread was $1,058/st as HRC prices were plunging from record-high levels.

Japan produces around 1mn permanent magnet synchronous motors for vehicles each year, according to trade ministry data.

BHP and Oz Minerals agree on takeover deal

Africa can produce 50Mt/y of green hydrogen at less than €2/kg by 2035, report shows

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

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

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

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.