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Korea’s steel product exports reduced toward GCC market over August, according to the Korea International Trade Association UAE-based office. Korea’s total steel product exports consisted of mill product and steel products headed to the GCC reduced 41 percent in August worth about USD390 million, do
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It turned out that the US Department of Commerce(DOC) has acknowledged the exception application which was filed with respect to the tariffs on steel imports from Korea. The DOC’s approval of exceptions regarding the steel import quota from Korea is the first case since it implemented the steel tari
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Indonesian government announced new regulations by which the domestic raw materials exporters shall be guaranteed through the foreign banks located in Indonesia for their appropriate collection of transportation money. The stricter regulations are part of the strengthened foreign exchange regulation
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In August, domestic corrosion-resistant sheet decreased in the entire sales volume by 5.7percent totaling 182,200 metric tons, while domestic shipment also downed 9.2 percent and export demand off 1.6 percent from a year ago respectively. According to the filed survey conducted by the S&M Media on t
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China’s steel prices resumed downward in the third week of September following a slight blimp of hike in early week. The RMB nominated prices fell while US Dollar nominated ones continued downward. On September 18, The Bank of People noticed RMB6.8554 per US dollar as the benchmark exchange rate, wh
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Domestic contracts with the Chinese GI exporters decreased in September compared with those reached in July and August, but some of the domestic mills turned out to have proceeded the contracts. According to the industry source, Chinese GI mills lowered their export offer prices by USD10 per ton to
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According to the Korea Iron and Steel Association, the cold drawn steel bar sales increased in July by 0.5 percent from 33,908 metric tons a year ago to 34,062 metric tons. Of the total CD bar production of 33,830 metric tons, domestic shipment decreased 1.0 percent from a year ago of 31,537 metric
