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China steel demand is forecast to drag next year as the construction business is sure to stall albeit a favorable situation in the manufacturing sector. That said, the steel prices are tilted to the slight recovery as many steel mills will take part in the output curbs, China Metallurgy Industry Pla
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The iron ore prices inched a little bit higher last week on the projections for the demand growth. As per the statistics provided by Korea Trade and Industry Ministry the iron ore price was traded at $107 a ton adding $1.43 over week in the third week of December on the 62 percent Fe cost & freight
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Hot coil price does not make its way to retrieve to the 3,300 yuan a ton in China moving sideways at 3,200 yuan band a ton lately. China’s hot coil production continues to be trimmed but lack of domestic demand gets rid of the momentum. According to the industry sources, the third week of December h
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The global iron or prices are largely forecast to remain fragile next year averaging under $100 a ton next year, due potentially to China’s administrative control of iron ore consumption, Australia Government presented lately. In the report concerned, the iron ore price will dive to $60 a ton closer
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Next year will see the nickel production scale back by about one third as the world largest nickel supplying nation mulls over the cuts in a bid to bar the falling path. According to the Indonesian nickel mining industry institute, the Indonesian Government is examining to take a sizeable cut in the
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Any factors to discourage flat product prices are easing but uncertainties remain in Korea. For example, hot coil market stays with the low key vibe even entering the middle of December. The pressures on the market are sizably easing down but the momentum to cook the prices are not clearly seen. Acc
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Entering the third week of December domestic long product prices are on the rebound. For instance, rebar prices added 10,000 won a ton over week trading at 650,000~660,000 won a ton after a vibe in three months since the end of September. This came after a 50,000 won and above at that time peaked up
