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Korean stainless industry pays attention to the potential of further price increase toward real end-users by POSCO which took the price raise by 200,000 won a ton on the 300 series headed into domestic real end-users in mid-January. The consequences turned bullish in price on not only real end users
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Korean steel rebar consumption fell sharply lately running short even 6.0 million tons domestically. Likewise, Japan’s light steel bar that is used for reinforcing steel bar dropped 6.7 percent last year posting 5.86 million tons. The trend repeated the first half of the year which decreased 6.5 per
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The Korean steel wire rod prices remain weak on the surging import from China amid the continuing uncertainty trigged by Trump risks, construction recession in spite of the export rebound in the manufacturing sector other than shipbuilding and petrochemical while the semiconductor posts a historical
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Korea steel pipe and tube distributors are making effort to hold back on stock pileup in order to cushion the impact of high interest rate and the stalling construction business. According to steel pipe industry sources, the financial expenses are mostly affecting the management of domestic steel pi
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With the Lunar New Year holiday the Korean hot rolled flat product market keeps rising up to the 800,000 won level a ton for the hot coil, while the import response quality is also turning higher in tandem with the import price hike. According to industry sources, the domestic mill sheet backed hot
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In general closer to the end of the first 10 days of February, the LME trading on non-ferrous metal prices kept strong, i.e., for the zinc spot and spot prices ended at $3,342 and $3,367 a ton respectively on February 10. The zinc demand appears strong to support the market in US and Europe on the p
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First of all, the Korean rebar prices creeped for the second week of February trading at 740,000~750,000 won a ton on the 10mm SD400 model, showing sort of steadiness without big tweak just ahead of the Lunar New Year holiday break. Prior to this, domestic rebar mills continued to tailor their shipm
