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China steel market sentiment came out to improve lately with the entry into the seasonality boost. Steel traders are increasingly betting on the tailwinds for sale and prices, industry people delivered. In fact, steel business survey index rose far higher than the standard of 50 for March adding 38.
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The scrap bidding placed at the auction on March 13 proceeded by the Japan scrap association representing the middle districts of the country surged 3,880 yen a ton over month was awarded at 54,200 yen a ton free alongside ship terms for the Shindachi Bara scrap quality. This consisted of the 6-mont
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The Korean Government gave a greenlight to the antidumping duties preliminarily determined by the Korea Trade Commission on the import of seamless copper pipe products from Thailand and the consequences take place antidumping duties over the next four months, industry sources delivered. The products
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POSCO Holdings came out to decrease its stainless raw material buying costs last year apparently on the reduced production to brace for the sliding nickel price and stainless business slump across the board. According to the report filed by the company, POSCO’s stainless raw materials purchase cost
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China steel domestic prices ramped up across the board as the major steel mills across East Asia apply higher tags. According to the steel statistics in relation to price released by China Steelhome, the Chinese steel prices as of March 12 consisted of 3,340 yuan on hot coil, 3,330 yuan on plate, 3,
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With the receding demand for rebar tied to the construction constraints the last month plunged its import yet the shipment headed into the US was an explosive surge. In this connection, Korea Iron and Steel Association pointed out lately the February import of rebar plunged 58.2 percent over year to
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Korean stainless steel export heading into India and Middle East is a serious exposure to risks for frustration for a while although the present tense is expected to ease in the mid- and long- term trends. According to Korea Iron and Steel Association, last year was a total of 5,932 tons stainless p
