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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
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Domestic plate market came out to rebound in demand based on the hilarious shipbuilding sector over the first half, while domestic produces dominated the market share since the final antidumping determinations on the Chinese plate. According to the analysis conducted by S&M Media, the first half of
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The LME trading ended at $13,537 on spot and $13,585 on the three months for refined copper on July 15 while $3,153.5 and $3,150.5 on aluminum, $3,553.5 and $3,550 for zinc, $1,797 and $1,843 for lead, $16,505 and $16,725 for nickel and $52,705 and $53,000 for tin a ton respectively. The July 15 non
