US Steel refuels “B” blast furnace in Granite City, Illinois. US Steel press agent said that Granite City-based “B” Blast Furnace resumed operation from the third week June. According to US Steel webpage, Granite City Works has an annual 2,800,000 tons production capacity, by which flat products inc
Domestic stainless cold rolled flat product makers saw their inventories increased 4.3 percent in May, compared with those of April, approaching close to 100,000 tons level in four months since January this year when posted 100,996 metric tons, but remained at the level of the higher end of 90,000 t
The US Department of Commerce(DOC) made a preliminary determination to impose countervailing duties on imports of large diameter carbon and alloy standard steel pipe and tubes from Korea on June 20. According to the Reuters, the Commerce released its news that Korean large diameter carbon and alloy
Korea’s specialty steel blooms sales ballooned higher 91.4 percent in April, reaching 16,267 metric tons according to the Korea Iron and Steel Association, of which domestic shipment rocketed 93.8 percent from a year ago to 16,267 metric tons from 8394 metric tons whereas export demand recorded nil.
Last week’s Chinese steel market strengthened volatility. Shanghai Securities delivered that the Chinese future prices on steel maintained robust after ups and downs amid the Fed’s rate increase policy on June 14. The spot steel prices addressed a slight rise affected by the strong future market pri
Domestic steel mills engaging in cold rolled steel products played a hidden card to cut the production volume, as the recent profitability got worsened significantly. According to the industry source, Dongbu Steel decided to expand scale-down of its electrolytic galvanized steel sheet and strip prod
International electrolytic copper prices keep fall buffeted by concerns about the rising conflicts between China and the US trade as well as slowing economy in China, leading to seven-day trading down on the three month deal and straight five days trading on the spot prices alike. On the June 19 tra