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Korea’s plate production keeps the 770,000 tons level in November but the sales volume dropped a little bit on the worse market conditions domestic and international both. Any improvement seems hard closer to the end of the year. According to the survey conducted by S&M Media, the November plate pro
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Chinese stainless export was back 1.91 percent in October totaling 3365,000 tons under China Customs Service statistics released out lately. This was surged however 13.76 percent a year ago. The October export decrease was due in large part to the signified competition among like exporters which inc
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US Commerce Department made its final determination with respect to the 2021 countervailing duties review on the imported Korea large diameter welded steel pipe and tubes covering the period January 1 to December 31, 2021 entry. The consequences are the imposition of 1.54 percent subsidy duties rate
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Yonggang Steel of China increased its export offers into Korea for the rebar products, proposing $590 cost &freight terms per ton based on the 10mm SD400 model under the December contract. This accounts for $15 rise over month, contributing to amassing to $25 over the two months streak since October
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POSCO moved out to purchase the Japanese steel scrap this week in just 7 weeks of pause since the third week of October. POSCO International, trading on behalf of POSCO, proceeded the steel scrap buying bid from Japan on December 6, industry sources said. the bidding price is released on December 7
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SeAH Steel seeks higher competitiveness through newly adding the hot dip galvanizing furnace at its Kunsan steel piping factory. According to the company sources, SeAH Steel plans on proceeding investment to newly add the hot dip galvanizing capacity aiming at the commercial production in 2024, for
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The coming 2024 year will be a little bit resilient in the steel demand far from favoring the industry amid the slowing economy in China, adding uncertainties domestic and international and the continuing construction constraints, panelists presented during the 2024 steel business seminar hosted by
