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With the receding demand for rebar tied to the construction constraints the last month plunged its import yet the shipment headed into the US was an explosive surge. In this connection, Korea Iron and Steel Association pointed out lately the February import of rebar plunged 58.2 percent over year to
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Korean stainless steel export heading into India and Middle East is a serious exposure to risks for frustration for a while although the present tense is expected to ease in the mid- and long- term trends. According to Korea Iron and Steel Association, last year was a total of 5,932 tons stainless p
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Korean stainless mills are paying attention to the foreign exchange rate volatitltiy while betting on whether they apply the stainless flat product prices over the March shipment. The foreign exchange rate soared to 1,480 won against US dollar early into the start of the year but lowered to 1,430 wo
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Lately China steel industry people surge voices that the industry shall seek new subject like recycling energy while getting out of the exterior large scale production system that has been sustained to date. In doing so, the first priority is to push forward with the modest level of crude steel prod
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This February Korean steel plate sales volume was down but year to date remained growth year on year. According to the statistics compiled by S&M Media, Korean steel plate producers combined POSCO Holdings, Hyundai Steel and Dongkuk Steel produced a total of 684,000 tons for February, which dropped
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Korea’s EAD mills strengthen their scrap buying this year leading to the import thereof plunging almost 30 percent. According to Korea Iron and Steel Association, the February scrap metal import plummeted 26.5 percent over year totaling 145,000 tons. This accounts for the fourth successive month sli
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The iron ore prices touched the $100 level a ton in 3 weeks after a second consecutive week rally. According to Korea Trade and Industry Ministry, the iron ore price averaged during the first week of March $102.02 a ton on the 61 percent Fe concentrate cost & freight North China spot basis, adding $
