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Domestic stainless pipe and tubes makers are moving out to push forward their sale price additionally for the June delivery in a bid to address the higher stainless hot coil buying terms. According to market sources, Korean large stainless pipe producers including SeAH Steel are known to set their J
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Steel exports continued reducing in May, but the effect of policy seriously attenuated. Indeed, last month was down 2.2 percent to 10,341,000 tons in steel year on year and the first 5 months China’s entire steel product based exports downed 8.1 percent year, according to statistics released out by
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Korea plate market topped again 700,000 tons range in production, while production restored yet sales volume mixed higher domestic consumption and stalling export demand. According to the survey at S&M Media, domestic plate mills including POSCO Holdings and Hyundai Steel let alone Dongkuk Steel pro
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The world overcapacity in crude steel is worried to reach the maximum of 745 million tons in 2028, adding 16.4 percent versus the last year of 640 million tons excess, OECD had an outlook released early June. The forecast in this regard carries 319 million tons capacity more than the OECDE member st
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Ironmaking raw material prices mixed lately with iron ore fell to the lower end of $100 but coal climbed a bit. According to Korea Trade and Industry Ministry, the iron ore price was $103.19 on average during the first week of June accounting for a $2.34 week on week slide on the 61% Fe cost & freig
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While domestic EAF mills are inclined to purchase steel scrap at home its imports fell to the historical low over 2 months streak. According to the Korea Iron and Steel Association, the country’s steel scrap imports amounted to 83,000 tons, which crashed 13.6 percent a year earlier, accounting for t
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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
