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Korea integrated steel mills remain at high level of costs as the coal price keeps rally even though ironmaking cost burden eases in line with the slight decrease of iron ore price entering June. According to the survey carried out by S&M Media, the ironmaking cost in June $326.6 per ton, simply bas
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Steel prices remain edging lower as a whole in China, mixing slightly add on hot coil and rebar at the beginning of the week but slide as less closer toward the weekend. According to Steelhome statistics, the first week June 1 through 4 averaged 3,508 yuan on plate and 3,855 yuan on CR respectively
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The falling pace of steel in China is closer in sight this month, as the manufacturing sector is further dragging on. According to the China Iron and Steel Association, domestic steel prices modestly claimed the past 5 weeks since the third week of April turned around to fall beginning third week of
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Korea’s plate imports were sticky to the 150,000 tons level even in May, as the quantities came expanding again from China although turned around from Japan. As a result, the entire imported quantities remained flat amplifying close to 20 percent higher than a year earlier in cumulation. According t
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The June refined copper domestic prices soared on the rising raw material prices and foreign exchange rate alike. The LME trading added 4.7 percent over a month earlier trading at $13,507.13 a ton on average in May for the refined copper products, which addressed the foreign exchange rate averaged 1
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The LME trading for electrolytic copper spot and three months ended at $13,819 and $13,845 a ton respectively on June 1, while aluminum prices were $3,795.5 and $$3,685.5 and zinc $3,555 and $3,577 respectively. Lead price was traded at $2,008 and $2,023, nickel at $19,050 and $$19,280 and tin at $5
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The iron ore prices sat down to the 12-week low, trading at $105.54 a ton on average for the fifth week of May on the 61% Fe cost & freight North China spot basis, Korea Trade & Industry Ministry released lately. This stands for the $1.61 lower tuan a week ago while the sliding continued two weeks a
