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The Chinese steel domestic price missed lately diverging by product and Steelhome of China pointed out that hot coil and hot dip galvanized sheet prices slid 11 yuan and 10 yuan each trading at 3,395 yuan and 4,110 yuan a ton respectively during the fourth week of July. Plate and CR prices also rose
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Over the first half domestic exports represented by non-ferrous raw materials were trajected by refined copper, zinc and lead but imports thereof waded slightly on the dropped aluminum pure ore, zinc and lead, Korea International Trade Association statistics released lately. The first half subject p
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Japan’s first largest EAF mill, Tokyo Steel, declared to cut its scrap bidding by 500 yen further on all the scrap grades beginning July 23 at Utsnomiya factory in Kanto and Tokyo Bay scrap yard. This came in 5 days the company determined to cut scrap bidding by 500 yen lower on July 18 which was av
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Korea’s steel product based exports showed a remarkable growth of 2 digits over the first 20 days in July contributing to the country’s entire exports improvement. According to Korea Customs Service, the preliminary statistics released out lately said that the steel product based export value was $2
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According to the statistics released by the Bureau of International Recycling(BIR), the first quarter scrap metal consumption amounted to 115.77 million tons based on the big 7 scrap using countries including China, EU, US, India, Turkey, Japan and Korea. This was down 6.9 percent versus the previou
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The iron ore price made a slight return amid the strikes at BHP owned harbor laborers of late. According to Korea Trade and Industry Ministry, the iron ore price was $$99.49 on average a ton for third week on the 61% Fe, cost & freight northern China spot trading, inching steadily higher by $0.91 a
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SeAH Steel, Korea’s first steel pipe producer, will secure good profitability over the second quarter thanks to the boosted exports headed US market, Dawul Investment & Securities analyst Lee Jung-woo presented lately. SeAH Steel almost recovered the pared profitability hurt since the Trump administ
