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The first half of the year plate import plunged more than 35 percent off year on year with the arrival from China neared to halve contributing to the downside of the entire import share to the lower end of 50 percent. Conversely, plate import from Japan remained steady comparatively approaching the
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The first half of the year wire rod export was down 9.1 percent at 367,773 tons, and its import as well slipped 7.9 percent totaling 529,550 tons respectively, based on the statistics released by the Korea Iron and Steel Association. Export broken down by destination consisted of the downside toward
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Steel works based in Tangshan are said to pull again on the reins trimming sintered ore production for 15 days beginning July 4 by 30 percent smaller, Mysteel delivered. Tangshan City is known to have sent a notice to half of the regional steel producers, Mysteel added. The sintered ore production c
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Korea’s hot coil prices bounced back in just 8 months, breaking the long time standstill but the market takes still with a grain of salt since it is difficult to continue recovery unless real consumption comes back. The hot coil domestic price is figured out to trade as of June for 830,000 won a ton
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The LME refined copper price posted $10,061 on the spot and $9,948 on the three-month goods respectively on the July 1 trading, readily apparent to the factors combined in the improving manufacturing indicators in the major supplying countries and worries about Trump tariffs together. China’s June P
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The May global primary aluminum production added from a month earlier, by 1.81 percent larger totaling 6,245,000 tons from 6,134,000 tons, International Aluminum Institute released lately. The activities encouraged in Asia, Europe and China while other regions decreased including Oceania, GCC, Afric
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Import of stainless cold rolled sheet is sliding lately into Korea readily apparent to the dragging consumption, tougher antidumping duties and foreign exchange rate volatility combined. According to Korea Iron and Steel Association, the first five months stainless cold rolled strip import totaled 1
