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Entering the year the China made H-beam disappeared in Korea, but the Japanese one continued a robust market share to break 70 percent. According to the Korea Iron and Steel Association, the first half H-beam imports plunged 22.2 percent to 117,000 tons, showing a 22-year low roughly since the secon
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Korea Government initiated the tinplate antidumping investigation on China, Korea Trade Commission released July 10. The trade case was sued by TCCC Steel and Shinhwa Dynamics on June 19. The antidumping probe targets black plate, coated steel flat products which are coated with tin, chromium or chr
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POSCO Holdings and Hyundai Steel which are the mainstream to produce hot coil in Korea made a significant stride to sell the high of hot coil in 5 years. Their hot coil production scaled back owing to the partially frustrated facilities over the first half but a bullish demand for automotive sheet a
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With the entry into the offseason domestic rebar mills are running fairly well while allocating for shipment abroad. According to industry sources, the rebar capacity utilization averaged 67.2 percent in July at the 8 big EAF mills consisted of Hyundai Steel, Dongkuk Steel, Daehan Steel, YK Steel, K
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Early July the stainless 300 series prices remain edging lower in China as combining the stalling futures price, sliding cots and continuing lack of demand. According to Mysteel, the July 3 STS304 CR price was 4,900 yuan including 13 percent value added tax on the ex-Work basis near Wuxi, China. Thi
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Korea’s structure steel pipe makers are suffering loss in sale although they tried to raise sale price over July. The situations they are facing are totally different from the first half when they improved profit margins, industry people pointed out. According to industry sources, they are difficult
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Over the first half domestic hot coil distribution price continued a steep climb coming back to normal of close to 960,000 won at the end of June versus the lower end of 800,000 won a ton at the beginning of the year. Import response grade price soared as well to 930,000~940,000 won from 780,000 won
