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The LME trading on September 4 ended at $14,371 on the refined copper spot and $14,365 on the three months, while conducting at $3,292.5 on aluminum spot and $3,293 on its three months goods, and for zinc at $4,087 and $$3,930 each. Lead prices were $1,817 and $1,914, nickel at $16,690 and $16,845,
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The continuing slide of distribution prices do not seem to affect domestic rebar mills to return to the 60 percent capacity utilization rate accompanied by the beginning of the seasonality boom. According to industry sources, the 8 first largest EAF mills dealing rebar products recovered the average
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The majority of domestic stainless industry people shares that the bullish stainless price is unlikely during September although certain international stainless mills are very aggressive to increase their September surcharges and export price hike alike. The September price raise is all the rage abr
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The rebar domestic prices turned downside lately but the stronger Korean currency against the US dollar is pushing for the imports thereof forward. According to the Korea Iron and Steel Association, rebar imports totaled 14,000 tons in August, surging 109.3 percent year over year, or 79.2 percent hi
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Generally softer US dollar propped up the major non-ferrous metal prices in the September 3 trading at LME ending at $14,359 for refined copper spot and $`4,275 on its three months goods, respectively and those for aluminum were $3,303 and $3,303.5 while zinc price was traded at $3,995.5 and $3,868
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Hyundai Steel and POSCO Holdings held jointly the Luisiana Steelworks groundbreaking ceremony on September 4 with 250 government officials and industry people including Korea Industry & Trade Minister Kim Jung Gwan and chairmen of both steel companies attended together. The Luisiana Steelworks const
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China domestic steel prices kept rising on the lofty raw material prices but showed lately to lose the momentum further closer to the weekend due to the lack of demand. According to Steelhome of China, the first week of September consists of 3,463 yuan on hot coil, 3,548 yuan on plate, 3,830 yuan on
