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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
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Korea aluminum flat producers raised 120,000 won a ton for the aluminum flat product domestic prices for June and adjusted their local export prices by $70 higher a ton in tandem with the robust LME trading which was up from $3,600.63 on the spot basis in April to $3,670.18 in May. The June aluminum
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According to the Korea Iron and Steel Association, the first quarter saw a total of 25,931 tons wire rope production and 22,814 tons sales volume which accounted for declines of 14.3 percent and 19.3 percent year on year, respectively. Its exports also dropped 29.5 percent to 14,142 tons and domesti
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Domestic stainless market is watching the direction for the June price shift, while participants disagree as to whether the prices are peaking out or the stainless rally sparked by the nickel shortage across the world will remain available at home ahead. The hot issue is where the June price is goin
