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Imported rebar quantities posted about 24,000 tons in January, sharply decreasing from the last year. The January rebar import tonnage continued decreasing since October last year, reporting the lowest import since July 2018 when a total of 21,379 tons was registered. The unit price of import for re
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China’s plate offers fell steeply down to the higher end of $400 per ton level, and the domestic importers remain a wait and see position. According to the importers, China’s plate mills proposed $439 per ton cfr in the second week of February, down about $20 per ton week on week. By company, Yingko
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Chinese GI mills cut export offers fell in February, breaking down the $600 per ton quotation levels, and domestic traders also are said to hesitate to close deals in wake of the Covid-19 spread. According to the industry, Chinese mills suggested export offers on GI on February 17, down $25 per ton
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Rebar prices in China remains weak in the middle of February, while those in certain areas add the likelihood to break down 3,400 yuan per ton. On February 17, Shanghai’s rebar prices fell 30 yuan per ton from February 14, to 3,530 yuan per ton on HRB400, 20mm in diameter. Rebar prices in Beijing ar
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Last year, Kiswire wrapped up 2019 with a 31.2 percent market share of the steel wire market in Korea, but fell down to the 20 percent levels in January, signaling difficult sales ahead throughout this year. According to the statistics concerned, Kiswire posted a 28.3 percent market share in January
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Korea’s pipe and tube maker, Husteel, made public that its 2019 sales sate down 8.7 percent to 537.7 billion won on a consolidated basis. Net loss turned into the red as a consequence amounting to 15.3 billion won, sue largely to the sales down as far as the shipment headed for the America market is
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Domestic steel market is being threatened by the mounting imports from China and Vietnam both. According to the steel industry, Vietnam’s largest steel mill, Hoa Phat, is known to push for a 5.0 million tpy mill in Dung quat district, central Vietnam. If completed, Hoa Phat will be equipped with a 3
