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Imported quantities of beams into the domestic market attenuated sharply in February. Those imported from Vietnam, and Bahrein were nothing in particular while Japanese materials replaced. According to the industry, Korea imported a total of 9,224 tons beams in February, down 49.1 percent a year ago
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Last year’s global crude stainless output continued rise amid the lingering oversupply in China. According to International Stainless Steel Forum(ISSF) headquartered in Brussels, the world crude stainless production increased 2.9 percent last year from a year ago to 52,218,000 tons. In 2018, the glo
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Amid the spreads of shutdown across the global carmakers in wake of the coronavirus, Korea’s high carbon steel producers are also concerned over the adverse effect therefrom. According to the industry source, global carmakers continue closing their factories in Europe, US, India and Latin America. I
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Korea's flat product imports decreased by February, while exports also slid a little. Import decrease stood out in particular entering February, from China, apparently on the coronavirus. According to the Korea Iron and Steel Association, most of flat products categories showed declines in Janua
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Chinese HR offers crashed. This was apparently to provide the rescues to the stalling new contracts. Chinese mills seem to have more rooms affording far lower offers thanks to the Government’s raised export tax return rate. According to the traders, China’s major HR supplier, Benxi Steel, proposed f
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In spite of the seasonal stagnation, US steel market buoyed once thanks to the favorable constriction business and firmed manufacturing sectors. However, the import of steel products turned out to drop primarily on the continuing slump of the shale rigs hit by plunged oil and due to export constrain
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Korea’s hard steel wire rod export and import figures showed sluggish in February, with the first two months’ numbers decreased in exports as much as 9.3 percent from 6895 tons a year ago to 6,252 tons. By destination, exports to China plummeted 31.7 percent from 1,199 tons to 819 tons and shipment
