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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
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The spot and three months trading over certain non-ferrous metal materials ended at on the LME market $13,172 and $13,239 a ton on refined copper, $3,117 and $3,146 on aluminum, while at $3,396 and $3,418 on zinc respectively on February 12. Lead price was traded at $1,949 and $1,997, nickel at $17,
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With the upcoming Lunar New Year holiday in China the steel domestic price weakness persists amid the higher level of distribution stock levels battered by the break. As of steel statistics released by Steelhome, the domestic prices covering major steel forms consisted of 3,310 yuan on hot coil, 3,3
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Korean c old rolled flat product rerollers move out to increase their sale price across the board following the price raise taken by hot coil steel mills previously. This looks to be increasingly tempted by the perception that they are no longer to tolerate the business unless increasing the price c
