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The domestic produces of rebar and H-beam are sliding again in their domestic price entering third week of September, with rebar was down 10,000 won over week trading at 840,000~850,000 won for the 10mm diameter SD400 grade, downside in two weeks and the latter remained flat at 1,170,000 won a ton o
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The EU Commission stated September 18 to exert safeguard on grain oriented electrical steel preliminarily coming into effect September 25, 2026 through February 26 next year, while allocating non-tariff quotas by country based on the minimum price mechanism which is applied according to the delivere
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With uncertainty continuing on the pricing policies at stainless mills domestic stainless market price remains in limbo in Korea. Further, stainless demand stalls yet though the seasonality boom started while the bookings remain unchanged from the off-season in July and August and stay offering only
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The molten steel cost soared to the two years and 4 months high due to the surged coal price, adding serious cost push burden to the Korean blast furnace steel mills. The ironmaking coal price jumped 15 percent higher just in a month on the industry’s racing to seize stocks in the wake of production
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China steel industry moves out to tighten the supply condition in a bid to improve the market constraints but its effect is somewhat questionable because of the lack of mandatory curbs. In this regard, the China Iron and Steel Association unveiled September 15 the industry’s voluntary declaration to
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When the oil price goes on higher ahead SeAH Steel Holdings will benefit therefrom to improve profitability, Sangsangin Securities analyst Kim Jin-bum said lately. US oil rigs and line pipe infrastructures will see higher demand in the US and consequently, SeAH Holdings can address the cost includin
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While the market enters the seasonal boom and construction sees investment pile up as well as manufacturing sectors including semiconductor enjoys export growth domestic wire rod market remains muted to the contrary. The wire rod industry cannot address the cost push burden from high foreign exchang
