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The first week of June was the 10,000 won higher week on week for rebar domestic price on the 10mm SD400 model trading at 870,000~880,000 won a ton which accounted for a 3 consecutive weeks gain. The prices escalated by a string of price increase at rebar mills posted the highest in 2 years 10 month
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Domestic refined copper producers are making significant strides to extend exports as domestic consumption stalls but the improvement diverged wildly by product. For example, copper foil, sheet and bar posted growth on the rising demand overseas but others like copper wire and pipe & tubes came tumb
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Korea integrated steel mills remain at high level of costs as the coal price keeps rally even though ironmaking cost burden eases in line with the slight decrease of iron ore price entering June. According to the survey carried out by S&M Media, the ironmaking cost in June $326.6 per ton, simply bas
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Steel prices remain edging lower as a whole in China, mixing slightly add on hot coil and rebar at the beginning of the week but slide as less closer toward the weekend. According to Steelhome statistics, the first week June 1 through 4 averaged 3,508 yuan on plate and 3,855 yuan on CR respectively
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The falling pace of steel in China is closer in sight this month, as the manufacturing sector is further dragging on. According to the China Iron and Steel Association, domestic steel prices modestly claimed the past 5 weeks since the third week of April turned around to fall beginning third week of
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Korea’s plate imports were sticky to the 150,000 tons level even in May, as the quantities came expanding again from China although turned around from Japan. As a result, the entire imported quantities remained flat amplifying close to 20 percent higher than a year earlier in cumulation. According t
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The June refined copper domestic prices soared on the rising raw material prices and foreign exchange rate alike. The LME trading added 4.7 percent over a month earlier trading at $13,507.13 a ton on average in May for the refined copper products, which addressed the foreign exchange rate averaged 1
