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China’s export price for hot coil slid last week too trading at $481 free on board Tianjin on the 3mm thick SS400 ordinary steel grade on August 18, Mysteel of China delivered. This was down $2 a ton week over week, a second consecutive week slippage. Last week was more or less than $485 free on boa
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The Chinese raw steel production scaled back again in a month compared to the year ago notches which shall be largely discouraged by the stalling construction activities and investment therein. According to China National Bureau of Statistics, the country’s crude steel production was down in July ye
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Korea’s hot coil vendors turned out to improve their profitability in the second quarter, although the growth was only one digit in sale but operating income expanded almost 5 times larger than the first quarter, S&M Media delivered. The improvement was backed up specifically by the advanced spread
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Korea’s largest steel piping mill, SeAH Steel, will be better in profitability over the second half of the year on especially improved export heading US market on which it is not easy to land due to lofty tariffs, BNK Investment & Securities analyst Kim Hyun-tae delivered. SeAH Steel is making a sig
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The iron ore prices bounced first time in a couple of weeks of low year. According to Korea Ministry of Trade and Industry, the iron ore prices sourced northern China climbed $1.16 over week in the second week trading at $95.51 a ton on the spot cost & freight terms. The comeback was first time sinc
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Steel scrap prices dropped 10,000 won a ton on all the scrap grades entering the third week of August nationwide across much of Kyungin, central and southern Korea as the main EAF mills lowered their scrap bidding at Hyundai Steel, Dongkuk Steel, Daehan Steel and Korea Steel. This came in 6 weeks si
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According to the Korea Iron and Steel Association, first half of the year wire rod production, exports and domestic shipment decreased 4.5 percent, 6.3 percent and 2.8 percent totaling 1,035,117 tons, 291,382 tons and 734,573 tons respectively year on year. Domestic demand was a total of 1,356,913 t
