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China prices in steel continues downsides lately, with 6 major steel forms trading at: 3,360 yuan on hot coil, 3,300 yuan on plate, 3,760 yuan on CR, 4,010 yuan on hot dip galvanized sheet, 3,340 yuan on rebar and 3,260 yuan on H-beam respectively on the January 29 trading. The price trend for hot c
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Hyundai Steel drew a rebound curve passing trough clearly improving profitability backed by high value added steel led strategy, aggressive cost cutting and effective import response. Hyundai Steel released January 29 its consolidated results of 2025 consisting of 22 trillion and 733.2 billion won s
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Korean scrap metal prices are turning super upgrades entering the new year and certain EAF mills are busy rushing for scrap buying even from Japan. According to the industry sources, domestic scrap price keeps rallying with the start of the year while Hyundai Steel taking and other mini-mills EAF jo
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With the continuing recession across the globe world’s crude steel production was not exceptional last year, while World Steel Association released lately a total of 1,849.4 million tons crude steel production last year which was lower by 2 percent year over year marking two successive year slips or
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The Malaysian steel industry urges the Government to counteract the unfair trade practices by Korea and Vietnam which are targeting their disposal of steel surplus into Malaysia. For example, the steel industry people of Malaysia pointed out Korea’s cold rolled sheet which should seek alternative ma
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As recently as mid February the LME nickel price eased after peak but the remaining bullish is available, stainless distributors pointed out. At present, POSCO’s STS304 cold rolled sheet price is traded at around 3,350,000~3,400,000 won a ton which was higher by 50,000~100,000 won a ton over the end
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According to the Korea Iron and Steel Association, last year marked a 5.2 percent increase in the ferro alloy import totaled 1,181,480 tons, a record high in 10 years since 2015 exceeding 1.1 million tons two years straight following 2024. By product, ferro silicon import was down 13.4 percent to 21
