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Lately domestic steel scrap market keeps mega bullish lifting to the 9-month high of import quantities in June as well. According to Korea Iron and Steel Association, the June scrap metal imports totaled 188,000 tons surging 23.6 percent month to month, shifting to the upside in 8 months. This was 1
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The first week July rebar prices are traded at 860,000 won a ton for the 10mm SD400 model among distributors at home, remaining steady. The low price level hovered 840,000~850,000 won a ton at the end of June is no longer to available now but a clear rebound pricing policy is not yet in sight on the
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Dometic plate market first of all keeps taking a breather under the consistent demand for the project use. According to industry sources, the latest plate price are holding up 990,000 won a ton for the SS400 model on distribution channels. Imported material price remains flat as a whole trading at 9
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China domestic prices are leaning to slide in China likely next month too. According to Steelhome information, the first week fell 20 yuan for hot coil to 3,410 yuan and 31 yuan lower to 3,408 yuan for plate respectively. While CR and hot dip GI slid 18 yuan and 8 yuan each trading at 3,793 yuan and
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The European stainless mills’ July surcharges are taking aim at the 400 series let alone molybdenum containing stainless steels while they trimmed for 300 series. Outokumpu, EU’s largest stainless mill, reset their STS304(CORE 4301) surcharges at 2,346 euros per ton for July, down 12 euro over month
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Over the first half plate import came out to continue increasing although antidumping order took place against China. While the stable demand for plate persists the import floats allowing ship plate and shortage for certain models that are not fully supplied at home. According to Korea Iron and Stee
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This year’s rebar imports came out to surge on the low effect over the previous quarter while rebar exports rally cooled down to the contrary. According to Korea Iron and Steel Association, the first half of the year imports of rebar totaled 78,000 tons which surged 74.6 percent over year. This is d
