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With the entry into the offseason domestic rebar mills are running fairly well while allocating for shipment abroad. According to industry sources, the rebar capacity utilization averaged 67.2 percent in July at the 8 big EAF mills consisted of Hyundai Steel, Dongkuk Steel, Daehan Steel, YK Steel, K
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Early July the stainless 300 series prices remain edging lower in China as combining the stalling futures price, sliding cots and continuing lack of demand. According to Mysteel, the July 3 STS304 CR price was 4,900 yuan including 13 percent value added tax on the ex-Work basis near Wuxi, China. Thi
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Korea’s structure steel pipe makers are suffering loss in sale although they tried to raise sale price over July. The situations they are facing are totally different from the first half when they improved profit margins, industry people pointed out. According to industry sources, they are difficult
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Over the first half domestic hot coil distribution price continued a steep climb coming back to normal of close to 960,000 won at the end of June versus the lower end of 800,000 won a ton at the beginning of the year. Import response grade price soared as well to 930,000~940,000 won from 780,000 won
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Korea’s special steel bar exports turned out to improve modestly heading new emerging economies and developed countries in balance each other and the first half posted a 5.4 percent year on year gain, according to Korea Iron and Steel Association statistics. Looking into the exports, shipment sent t
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Lately domestic steel scrap market keeps mega bullish lifting to the 9-month high of import quantities in June as well. According to Korea Iron and Steel Association, the June scrap metal imports totaled 188,000 tons surging 23.6 percent month to month, shifting to the upside in 8 months. This was 1
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The first week July rebar prices are traded at 860,000 won a ton for the 10mm SD400 model among distributors at home, remaining steady. The low price level hovered 840,000~850,000 won a ton at the end of June is no longer to available now but a clear rebound pricing policy is not yet in sight on the
