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Korea’s plate shipment for ship building showed a clear recovery over the first half of the year while domestic ship plate offering towards shipbuilders retrieved to the 1.7 million tons range in 3 years and production thereof escaped from a 3-year drag on. This was partially supported by the recent
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Baoshan Steel of China adjusted its base sale prices over next month delivery setting to increase 50 yuan further for 16 steel product categories including hot coil, plate, pickled & oiled, CR, hot dip galvanized sheet, EGI, aluminum-zinc-magnesium coated sheet, aluminum and galvanized sheet, corros
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Iron Ore Prices sank down to year low again trading at $94.35 on average a ton on the Fe 61%, cost & freight northern China on spot in the first week entering August, a lowest this year across two weeks straight after the last week of July when traded at the bottom line. This accounts for a $2.04 we
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Finished steel exports came out to be higher over the last 2 months straight over the year ago month. This makes highly potential of a record high by the end of the year although the stocks are the opposite to the sliding production. According to China Customs Office statistics, steel mill products
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Korea’s rebar consumption looms staying at the middle of 6.0 million tons this year on the delaying recovery of construction activities, while weighing on the shipment overseas. According to the Korea Iron and Steel Association statistics released out lately, rebar production was up 8.8 percent to 3
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Domestic stainless prices are being frustrated lately as the downward pressures heighten with the stalling demand and the softer nickel price and foreign exchange rate combining. According to industry sources, domestic stainless mills are known to remain muted over their August shipment making allow
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China steel domestic prices keeps sliding lately on the major 6 product forms amid the increasing stock levels to the contrary. According to analysis provided by China Steelhome, the first week of August showed steel prices on average to slide by 4 yuan less and 26 yuan steepest with hot coil at 3,3
