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

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.

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

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

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

After the reorganization, Sinosteel will no longer be under the direct regulation of the SASAC.

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