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Over the fourth week January, rebar price rose a little bit from the prior week in certain regions in China, while that in the Shanghai region maintained quite since January 21 at around 4,330 RMB per ton for the HRB400 and 20mm grade. To the contrary, the price upped 20 RMB per ton from January 22
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Steel scrap value slid in Asian market on the dampened purchases since mid-January, while world largest steel market saw steel need constraints. China is expected in particular to see the steel scrap price further fall in the upcoming Chinese New Year holiday beginning February 11. This adds to the
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American Iron and Steel Institute released the January fourth week crude steel production figure accounted for 1,892,637 tons and 75.7 percent capacity utilization rate. This was down 9.9 percent a year ago produced a total of 2,100,970 tons with a 82.4 percent operation rate. The January fourth wee
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Japan's H-beam price remained unchanged particularly, little better than that of the prior week late January, organizing the lower end of 80,000 yen per ton established by means of further increase after middle of the month. To the contrary, H-beam exporting price stayed at as yet $660 per ton s
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Last year, Korea’s hot coil export decrease no better than half as far as they are headed for Indian market. According to the Korea Iron and Steel Association, Korea’s hot coil exports totaled 2,958,348 tons last year. This was up 19.3 percent or 640,000 tons from 2019. In spite of the coronavirus i
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Korea's long product price like rebar and H-beam turned out to increase lately over a year ago on the higher steel prices as a whole. H-beam price in particular nears 900,000 won per ton level successfully having a turnaround. Domestic rebar price also came to the middle end of 700,000 won per t
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China's HR inventories are pilin gup rapidly, dampening price on streak along with heavier influence of stalling demand and the off-season just ahead of the Chinese New Year holiday amid concerns about the COVID-19 respread. According to the industry source, China’s HR stock levels posted 2.12 m
