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The wintry off-season drives domestic rebar capacity utilization rate down seriously to even close to half of full, with the January rate averaging 56.8 percent based on 8 rebar mills consisted of Hyundai Steel, Dongkuk Steel, Daehan Steel, YK Steel, Korea Steel, Hwanyoung Steel, Hankook Steel, and
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Korean hot coil market sizably changed to post the highest in domestic shipment last year, sending a signal to focus on domestic product forward compared with the historical dependence upon imported materials. According to the survey conducted by the S&M Media, last year was a total of 11,935,000 to
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This year looms the continuing slump of domestic scrap metal demand likely remaining fragile unless construction comes back on track. According to the statistics released by the Bureau of International Recycling, the last year posted a total of 235,960,000 tons steel scrap consumption which combined
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The new year is never in favor of domestic ferro alloy industry at all with the key consuming industries to drag on in addition to Trump tariffs and extending protectionist measures worldwide. As per forecast presented by domestic research institutes like the Korea Institute for Economy and Trade, t
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China steel market is severely affected by the off-seasonal demand with domestic prices starting the New Year with a low level of 1 percent around a month ago. This makes it difficult to forecast for any meaningful rebound until at least the end of January. According to China Iron and Steel Associat
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POSCO Holdings is expected to get speeded up its sale of China-based affiliates dealing with stainless production at the beginning of the New Year as the takeover of the Chinese entity is given the green light by China Government for POSCO Zhangjiagang Stainless Steel(PZSS) and Qingdao Pohang Stainl
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The iron ore prices keep rising lately on the accelerating restocking at the Chinese steel mills. According to Korea Ministry of Trade and Industry, the iron ore price was traded at $108.59 a ton during the fifth week of December based on the 62 percent Fe cost & freight North China spot, ramping up
