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In January, Korea’s sales of H-Beam at the domestic market increased largely on a favorable weather condition. H-Beam production was 293,633 metric tons in January, up 8.2 percent on a prior month, but up 2.7 percent on a year earlier, according to Korea Iron and Steel Association. The level of outp
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In January, domestic wire rope sales volume showed revival in both export and domestic demand, higher on a year earlier. Wire rope sales upped 24.2 percent in January by the quantity, totaling 14,652 metric tons, from a year ago of 11,795 metric tons, which represented a 3.3 percent increase from th
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In February, Korea’s hot rolled sheet exports destined to Taiwan surged, but import from Japan decreased on the contrary. According to Korea Iron and Steel Association, domestic export demand for hot rolled sheet and strips posted around 254,000 tons, a 12.8 percent month to month rise, or about 7.4
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Korea’s steel scrap self-supply rate has advanced over the years to date, but lately starts to bring the rate in line with a rising dependence upon imports. The year when the scrap self-sufficient rate as much as 100 percent will be initially realized around 2025, but now it will be probably after 2
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POSCO is confirmed to now consider increasing the offering price for CHQ wire rod ahead of entering the second quarter, in attempt to secure profitability on the sharply risen raw material prices most lately. However, the consumers industry stick to a cautious position in doing so. The domestic pric
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In February, Korea’s total sales increased by the quantity to 573,100 metric tons, up 1 percent a year ago, as far as the galvanized steel sheet is concerned. The consequences of the survey conducted by the S&M Media on five major galvanized steel sheet makers revealed a 7.1 percent year on year gro
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Korea’s construction materials counsel engaging supply of construction materials to the domestic construction companies is known to have reached the Memorandum of Understanding with Chinese steel mills as well as domestic rebar distributors handing import rebar products as the preparatory step to fa
