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Korea’s pipe and tubes makers plan to expand sale targeting the second half for which a further capacities are being added or refurbished in the summer off-season. According to the industry sources, the industry is aiming at stepping up to a sustainable industry through generating new demand for the
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Domestic distributors handling stainless products are reeling from subdued sale and prices alike. The stainless CR STS304 is now trading at 4,600,000~4,750,000 won a ton on distribution channels lately. The price spectrum is widening depending upon the quantities and terms as well as business relati
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Falling scrap prices pull down the rebar prices, while structure producers are strained too. Entering June, the domestic H-beam price are falling although not steeply falling just as seen in the rebar prices. The H-beam prices fell down to 1,340,000~1,350,000 won level a ton, falling a little modest
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Domestic hot rolled sheet prices fell down to the lower end of 1,100,000 won a ton on the distribution channels, while many are concerned over the potential to further fall even ahead. According to the HR industry, the price ended at 1,120,000~1,130,000 won a ton when it comes to the import response
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Albeit entry into the seasonal slowdown, the steel prices were backed by the mitigating quarantines and improving economic indicators. In the last week of June, the flat product prices added 30~60 RMB and long product 10~150 RMB a ton in Shanghai and Tianjin regions, but the hot cooled sheet and ste
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Zinc sale price in Korea slid two months in a row in tandem with the LME price fall, yet maintaining somewhat high level of 5,000,000 won a ton over the four consecutive months last. Zinc refineries like Korea Zinc and Youngpoong said July 1 to bring down the domestic sale price for the July shipmen
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Chinese plate offers cut over the six consecutive weeks into Korea, very likely adding suppression on the Korean plate market to fall even in the summer peak season. According to steel importers, Chinese plate mills suggested $770 a ton into Korea entering the fifth week of June, which was down $155