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China’s steel domestic prices showed a bit climb as the next 5-year economic plan was unfolded and trade tensions are easing with US, listing a rebound by 1 percent around almost on the principal steel forms, i.e., hot coil with 2.75mm thick at 3,400 yuan and plate at 3,420 yuan for 20mm thickness w
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Dongkuk Steel of Korea released its non-consolidated third quarter result comprised of 769.2 billion won sale, 24.5 billion won income and 10.1 billion won earnings respectively, accounting for decrease by 13.9 percent in sale and 18.1 percent lower in profit although net earnings made gains by 9.6
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Domestic stainless prices eye the changing situation entering the November business. Stainless mills are closer to taking a breather while vendors are tracking the times when to address the risen portion of the prices they paid during September ~October. The market observers viewed that the November
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Almost world steel producing countries ranking the Top 10 group saw their crude steel output decrease this year, while the three countries in the East of Asia accounting for 62 percent share of the global output resulted in the sixth consecutive month slip in Korea as well as in Japan and China eyes
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Hyundai Steel released October 30 its third quarter consolidated fiscal statement that wrapped up with the 5 trillion 734.4 billion won sale revenue, 93.2 billion won operating income and 17.8 billion won net earnings respectively. The sale revenue was 3.6 percent down from the preceding quarter, bu
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A free trade agreement was signed between Korea and Malaysia helping open the steel market which approached 10 million tons a year. According to the release by Korea Ministry of Trade, Industry & Energy the free trade agreement with Malaysia shall lift tariffs the products accounting for 94.8 percen
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Korea’s hot metal ironmaking costs keeps the fourth month climb pushing the boundaries about the hot coil costs to near the ceiling since this February. The hot coil price is pegged on the falling import from China hit by the antidumping duties but distribution ones are staying with the same level y
