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The rising path since the beginning of the year entered a breather stage when it comes to the Chinese hot coil prices. This looks somewhat stuck in for a while on the off-seasonal demand coupled with the Lunar New Year holiday break and wintry downside. According to industry sources, the first week
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Last year domestic special steel bar sales volume posted 2.5 million tons showing two years under 3.0 million tons, remaining the lowest battered by the pandemic. According to the Korea Iron and Steel Association, last year’s special steel bar production was 2,631,779 tons and export 382,095 tons re
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Last year was a worst for the domestic rebar mills faced a record breaking low under 7.0 million tons of domestic demand following the 8.0 million tons collapse two years ago. The situation is very likely to resume this year too, industry people concerned. According to the Korea Iron and Steel Assoc
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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
