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China’s steel price keeps upward on the improving economy sentiment. According to steelhome of China, the 6 principal steel products in China climbed higher a week ago across the board on July 17, of which hot coil and cold coil rose 30 yuan each and plate as well as galvanized sheet 10 yuan higher
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H-beam price on the light and medium caliper grades cut by 10,000 won a ton entering the third week of July, showing up to slip again from the upturn in 7 weeks. Hyundai Steel and Dongkuk Steel announced to raise the sale price by 50,000 won a ton as of July 1, expecting that the market could kick o
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Recently domestic structure steel pipe producers are making every effort to address the risen costs for which they sent out a notice to the customers, industry sources delivered. They are planned on the reflection through squeezing down the product discount rate beginning the fourth week of July shi
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Korea’s aluminum flat producer refineries saw their combined performance improve in June. According to the survey carried out by S&M Media, those three large aluminum flat product refineries sold a total of 81,610 tons in June, adding 5.6 percent plus from a year ago shipped 77,283 ton. Looking in d
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The iron ore price showed up recovery on the hopes for the government’s policy and steel price bounce lately. According to Korea Ministry of Trade, Industry & Energy, the iron ore price averaged $96.45 a ton during the second week of July based on the 62% fine, cost & freight north China spot tradin
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Korea’s steel wires export demand totaled 182,899 tons in the first half of the year decreasing 9.5 percent and their import plunged 7.6 percent to 128,327 tons, respectively, the Korea Iron and Steel Association released lately. By product, carbon steel wires GI-free grade export totaled 41,930 ton
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While POSCO Holdings is on the improvement in the steel division but the company’s second quarter result is largely dependent upon the profitability in the rechargeable battery materials, Eugene Securities said. POSCO Holdings is expected to result in the 17 trillion 624.1 billion won revenue and 65
