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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
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Vietnam steel demand at home turned out in the first half of the year to rise 18.5 percent totaling 15.18 million tons, based on the steel products, of which hot coil need presumed to surge 33 percent to 4.58 million tons and construction steels add 33 percent to 5.79 million tons, Vietnam Steel Ass
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Steel prices continue navigating weak in China although chief steel mills activated to tune up their sale prices across the board. According to Steelhome of China, the second week of August hikes caught in steel prices traded at 3,343 yuan on hot coil, 3,423 yuan on plate, 3,755 yuan on CR, 4,090 yu
