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China’s largest steel mill, Baoshan Steel, has taken at last to increase its domestic prices on the 16 products as of May 11, and new price tags will be 100 yuan higher a ton for the June shipment which applies to hot coil, plate, CR, GI, EGI, aluminum-zinc-magnesium coated sheet, high content alumi
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Korea stainless steel mills got off the ground to materialize the sale price heading distributors at home which seems to dodge the cost push burden which has been piling since the start of the year. According to industry sources, domestic stainless mills including POSCO Holdings handed out to increa
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Steel exports resumed to slip in April, China Customs Office released lately. According to the statistics concerned, China’s finished steel exports amounted to 9.5 million tons about, down 9.2 percent versus a year ago. The first 4 months were 34.21 million tons, 9.7 percent smaller than the corresp
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Domestic EAF steel mills are very active to scout out for the domestic scrap buying and the scrap import turned out to fall sharply near 30 percent down this year. According to Korea Iron and Steel Association, the April import of scrap metal plunged 38.7 percent over year totaling 91,000 tons, show
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Domestic steel pipe and tubes producers are doing best to address the cost push burden from the rising hot coil prices and subsequently difficulties in spotting their primary steel materials regardless of domestically or internationally. For instance, domestic hot coil prices keep rallying lately th
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The Japanese stainless coil demand gets better while the market advances on the local semiconductor equipment market keeps rally and consequently Korea’s stainless cold rolled sheet export heading Japan enjoys surges alike. According to the Japanese stainless industry institute, JSCA, the March sale
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China’s steel prices began rallying just after the Labor Day break lasted 5 days early May, adding 100 yuan on hot coil which was traded at 3,570 yuan and plate up 80 yuan to 3,540 yuan a ton respectively as of May 6, Steelhome statistics provided in China released out. Other steel forms like CR and
