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The iron ore price persists for declines though spending indicators stall yet, sliding $1.98 over week entering fifth week of September to $93.58 on average a ton on the 61% Fe cost & freight northern China spot trading, Korea Trade & Industry Ministry released out lately. The main cause of downward
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Australia Government finalized antidumping duties imposition on the import of plate from Korea and China on September 24, based on the discovery of dumping practices and the consequent impact on the local plate industry, Korea International Trade Association delivered. The subject antidumping duties
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With the chances are sliming even past the Korean Thanksgiving holiday domestic rebar capacity utilization rate looms to turn down again ahead. Most of electric arc furnace steel mills are moving out to trim their operation rate whereas Hankuk Steel alone is pitching up the rate up to 80 percent end
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Global economy including China signals to drag on entering third quarter as the non-ferrous metal prices persist for hike on the shortage fear triggered by falling stocks accompanied by frustration in supply in the major supplying countries. Especially, shortage worries are adding on refined copper
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The October refined copper prices fell steeply cushioning the risen raw material prices on the largely softer foreign exchange rate against the US dollar. The LME refined copper trading was $14,483.39 in September on refined copper on average a ton rising $129.99 or 0.91 percent higher than a month
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Even the ongoing seasonality boost caps the steel demand in China, leading to the steel prices to remain edging lower nearly on the entire steel products but rebar. According to China’s Steelhome, fifth week of September ended at 3,380 yuan a ton for HR, 3,480 yuan on plate, 3,780 yuan on CR, 4,120
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Hyundai Steel signaled to cut its scrap metal bidding terms further over next month, 10,000 won a ton due October 13 at the company’s steel mills based in Incheon, Dangjin and Pohang on all the scrap grades. This accounts for addition buying price cut in 2 weeks, past September 28 when 10,000 won a
