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Nippon Steel of Japan moves out to further raise its plate prices heading into the July contracting to deliver in September towards the entire consuming industries at home. This accounts for the 5,000 yen hike per ton versus the existing sale price for which the company started to negotiate with con
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The iron ore price posted the second lowest this year remaining weak. According to Korea Trade & Industry Ministry, the iron roe price slipped $2.44 over fourth week of May trading at $97.83 a ton on the 61% Fe, cost & freight northern China spot basis, as a result of 6th slide streak. This accounte
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Korean stainless market as well as consuming industries begin to address the price increase taken by domestic stainless mills over the June supply whereas concerns grow over the second half potential of the price shifts. Notwithstanding, distributors as well as real end-users are expected to get dow
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Korea’s plate prices showed upsides over the final week of June, while the market is taking sides to accept the price increase domestic plate mills adjusted lately. According to industry sources, domestic prices for plate(SS400) are traded at more or less than 990,000 won per ton on distribution cha
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Korea’s exports of energy pipe and tubes slightly declined in May year on year, although US oil rigs accelerated and primary steel material price climbed. According to Korea Iron and Steel Association, Korea’s energy steel pipe and tubes including oil country tublar goods and line pipe sent a total
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Over the fourth week rebar distribution prices slid 10,000 won over week trading at 850,000~860,000 won a ton on the 10mm SD400 model, accounting for a two weeks downside. Prior to this, the prices slipped 10,000 won week on week, turning downward firstly since the start of the year, leaning to the
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Korea exports of zinc and lead continued rally on the extending consumption in Asia including India, China and Vietnam particularly. Their net exports surplus added amid the siding imports year to date while the exports are expected to improve for a while heading Asia market. Zinc exports above all
