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With the offseason paring the steel consumption hot coil market remains edging lower although sufficient stocks help stable offering yet mixing low value offer from the southeast Asia and softer foreign exchange rate against the US dollar are fording market participants to shift their eyes to the ri
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Entering the fourth week of July domestic H-beam prices slipped over week by 10,000 won lower trading at 1,160,000~1,170,000 won a ton for the light and medium caliper grades, on distribution channels. This comes in the third consecutive week fall. Prior to this, EAF mills handed out to notify of 30
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This first half cleared reshaping supply chains centering US in refined copper produces. Their exports headed US soared to a large extent elevating the entire improvement while copper scrap from US as well took the lead of the total imports. Conversely, refined copper exports slipped towards China.
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The Chinese steel domestic price missed lately diverging by product and Steelhome of China pointed out that hot coil and hot dip galvanized sheet prices slid 11 yuan and 10 yuan each trading at 3,395 yuan and 4,110 yuan a ton respectively during the fourth week of July. Plate and CR prices also rose
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Over the first half domestic exports represented by non-ferrous raw materials were trajected by refined copper, zinc and lead but imports thereof waded slightly on the dropped aluminum pure ore, zinc and lead, Korea International Trade Association statistics released lately. The first half subject p
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Japan’s first largest EAF mill, Tokyo Steel, declared to cut its scrap bidding by 500 yen further on all the scrap grades beginning July 23 at Utsnomiya factory in Kanto and Tokyo Bay scrap yard. This came in 5 days the company determined to cut scrap bidding by 500 yen lower on July 18 which was av
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Korea’s steel product based exports showed a remarkable growth of 2 digits over the first 20 days in July contributing to the country’s entire exports improvement. According to Korea Customs Service, the preliminary statistics released out lately said that the steel product based export value was $2
