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Nippon steel of Japan is set to raise its November delivery price past 5,000 yen for domestic distribution and sale on rerolled flat product, light structural shapes and steel pipe and tubes, industry sources said. The main product categories are focused on all the flat products including picked & o
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Iron ore price constrains hovering $95 around though inched a bit to $95.56 in the fourth week on average for the 61% Fe northern China cost & freight sport terms, Korea Trade and Industry Ministry delivered. This seems to be affected by the stalling demand and thus, steel mills braced for poorer pr
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The global crude steel production underwent in August versus that a year ago, while first largest steel producing country, China, leads production cut though others like US and Vietnam put the brake on the falling pace. According to World Steel Association, the August crude steel production was down
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Hot coil prices slipped 3 weeks streak though steel mills cut their production in China, running very shorter of the expectations for the seasonality boost on deck. As of September, steel purchase management index was 49.8 in September, adding 2.4 point over month but less than the standard of 50. I
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As per the survey carried out by S& Media on the major hard steel wire rod producers consisted of Kiswire, Manho Steel, Dongil Steel, DSR Steel, Youngheung and Chungwoo Steel, their July sales volume totaled 31,359 tons in July, down 1.7 percent over month of 31,917 tons or 8.3 percent smaller than
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Korean EAF mills led by Hyundai Steel move to lower their scrap bidding just past the Korean Thanksgiving holiday while those based in southern districts are ready to brace the upside ahead by holding their decision to cut bidding terms. According to industry sources, major steel mills at home are r
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The LME trading in September 22 posted $14,797 on refined copper spot and $14,760 on the three months respectively, while trading aluminum at $3,242 and $3,264, zinc at $4,006 and $3,938, lead at $1,909 and $1,935.5, nickel at $16,410 and $16,540 and tin at $53,745 and $54,000 a ton respectively. Th
