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Japan’s steel export extended a little bit of quantities for October, but the import thereof decreased two digits as the arrived quantities plunged from Korea and China. According to the release by Japan Treasury Ministry, the October trade statistics turned out the steel export to add 1 percent ove
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World raw steel production kept slipping in October to 143.3 million tons based on the 70 member states of the World Steel Association, which cut by 5.9 percent over year. By October, the production was also down 2.1 percent totaling 1,517.6 million tons. The decrease resulted from the continuing de
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With the plunging demand for long product at home, Korea’s steel scrap import is likely to be under 2.0 million tons by the end of the year, while the next year will be also a difficult year for steel scrap traders under the continuing stalling construction business. According to the Korea Iron and
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Korea’s stainless market was more sensitive to the outside factors than inside variables over the last week. With no vibes in the sales volume and prices under the continuing lack of demand the potential of the short supply at the Pohang stainless mill is increasingly affecting the market closer to
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The November 18 LME trading ended at $2,749.5 on the aluminum spot and $2,787 on the three months respectively, followed by $2,781 on 19th and $2,788.5 on 20th for the spot and $2,806 and $2,811 on the three months alike. The aluminum spot trading started from $2,771.19 and ended at $2779.34 a ton,
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The EU Committee declares officially to counteract the US tariff policy to extend the 50 percent tariffs on the import of derivative products of steel and aluminum. The EU Ministers representing 27 member states led by the EU Committee have agreed to raise the issue with the November bilateral meeti
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The key issue at stake facing domestic steel wire rod industry is tied up with the import surges although the industry scales back capacities and some shifted trade to vendors, market experts pointed out. In October, import of steel wire rod reduced from China but its market share was ramped up on t
