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The domestic scrap buying price that had steadied for a while last rebounded strongly of late. Domestic EAF mills increased their scrap buying bid from overseas including Japan and Russia, while the price in Turkey also is said to start recovering. Dongkuk Steel for instance effected to purchase scr
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According to foreign news, China’s Baoshan Steel is determined to raise its flat product price over the September shipment, while the company has already increased 200 yuan per ton over the two months streak. Certain products in part are subject to the consecutive third price increase, the industry
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While Chinese mills raise their export offers on galvanized steel sheets into Korea this month Korean industry is also highly encouraged to drive up domestic price. According to the industry source, China’s Baotou Steel placed its GI export offers at $605 per ton cfr over the August shipment. This r
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China's Shagang Steel increased its export offer price on rebar into Korea up to $510 per ton on the SD400 and 10mm, cfr, over the August shipment. In the first quarter, China’s rebar domestic price crushed forcing declines in offers into Korea. In January, Shagang Steel suggested $520 per ton i
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In the first half the H-beam import from Japan surged versus the last year, coming under the attention of the domestic industry. There appears that Japanese mills are suggesting low price for outbound shipment in order to offset their sluggish domestic demand, market participants said. The import pr
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While the plate price stabilized in the US the second half is expected to see the price tilt to the downside as the end using market furthers recession. Distributors in the Mid-West however oppose to further weakness over August. The investment cases in the oil and gas industries continue the record
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Korea's flat product sales volume accumulated over the first half this year slowed versus the last year, with export as well as domestic need suspended directly by the coronavirus. The rate of profit also plummeted on account of the destructive market conditions albeit the cost-push. However, th
