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Korean hot rolled flat product prices continue strength just ahead of the coming Lunar New Year holiday break while the new pricing policies at mills are starting to be friendly responsive on the market trading at the lower end of 800,000 won a ton on the hot coil strip product. According to industr
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For the second week of February, domestic rebar prices remained edging lower at 740,000~750,000 won a ton on the 10mm SD400 model, moving sideways in 8 weeks. This looks to be closely tied to the partial discount sale subsequent to the upcoming Lunar New Year Holiday break while coupled with the pre
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On February, the LME refined copper spot and three months ended trading at $12,822 and $12,910 a ton respectively, while aluminum at $3,014 and $3,037 and zinc at $3,255 and 3,278 as well. Lead prices posted on the same day at $1,904 and $1,955 and nickel at $16,680 and $16,970 each. Tin price was t
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According to industry sources, POSCO and Hyundai BNG Steel both increased their 300 series stainless shipment price by 200,000 won a ton over the February delivery hinging upon the positive factors like the sharp rising nickel price, global bullish stainless rallies, and risen cost of production com
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China’s steel domestic prices remained stalling but the inventory level becomes broader further. According to China’s Steelhome flatform, the February 5 trading consisted of 3,340 yuan a ton on hot coil, 3,300 yuan on plate, 3,740 yuan on cold rolled sheet, 4,000 yuan on hot dip galvanized sheet, 3,
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Hyundai Steel readies to bounce back after passing the downturn, Hanhwa Securities viewed. The company’s fundamental competitiveness is enough to rebound and the price increase and product mix strategy will benefit soon, Hanwha added. Hyundai Steel posted 5 trillion and 489.8 billion won sale and 43
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The Taiwanese stainless mills have surged their February surcharges on the bullish momentum since the start of the year. for example, Taiwan’s largest stainless mill, Yusco, increased its surcharges on STS304 grade by 7,500 Taiwan Dollar a ton, representing the third straight month hike to result in
