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Korea’s crude steel output turned upside during the first half of the year exceeding 31.7 million tons with a rebound in 3 years since 2022. According to the Korea Iron and Steel Association, the first half of the year was up 2.1 percent or 653,234 tons larger from 31,063,121 tons in the same period
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Entering August, Korean steel product based exports climbed higher versus a year ago, in tandem with the country’s improved exports led by semiconductor. According to Korea Customs Service statistics, the first 10 days entering August amounted to $901 million in steel exports adding 4.3 percent year
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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
