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As the Trump administration’s tougher tariffs on 407 steel derivatives single out the steel industry is increasingly stunned by the squeeze of fundamental steel need like hot coil and plate that are used for steel pipe & tubes, automotive and shipbuilding, industry people worried. According to the i
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The first half of the year steel wire production was down 9.2 percent to 714,941 tons in Korea while its sale volume fell 12.2 percent totaling 648,482 tons a year ago respectively, released Korea Iron and Steel Association. Domestic shipment as well dropped 15.9 percent in the same period at 505,04
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The sales volume for color sheet that headed into the domestic home appliance producers added lately contraction last month, while the its need for construction materials is worried about poorer profitability as well. According to the survey conducted by S&M Media on the 8 largest color sheet produc
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US Commerce Department released out its negative antidumping preliminary duties on the Korean large diameter steel pipe and tubes. According to the Korea International Trade Association Washing Office, US Commerce stated officially that the Korean subject product was not found out any dumping margin
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The first half indicators for wire rod accounting for production, export, domestic consumption and import totaled 1,090,776 tons, 311,062 tons, 749,205 tons and 529,550 tons respectively, dropping 20.4 percent, 19.6 percent, 21.9 percent and 7.9 percent lower than a year ago, Korea Iron and Steel As
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The iron ore price kept rising up to more than $100 a ton for 4 weeks straight while the Chinese steel mills are pitching up production just on the brink of kicking off the steel curbs. According to Korea Ministry of Trade, Industry & Energy, the iron ore price averaged $102.76 a ton for the second
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US Commerce Department made a final countervailing duties rate on the import of hot coil from Korea. This will add difficulties in the Korean hot coil export towards US which has been subject to the harsher 50 percent tariffs since June this year. US Commerce released out the publishment to impose 2
