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In the first quarter, Korea’s refined copper products consisted of copper flat, copper foil, copper bar, copper wire and copper pipe showed their exports down but imports soared on the contrary, with the exports totaling 62,018 tons which dropped 3.1 percent year on year and imports surged 11.1 perc
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Korea’s rebar domestic price guidelines suspended in 3 months, freezing at the base price of 949,000 won a ton on the 10mm SD400 model over the May shipment, industry sources delivered. The standstill comes in 3 months after two months increase streak since this March. This has the backdrop that the
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POSCO Kwangayng Works enters hot testing(high temperature testing operation) around late May, starting to count down to its commercial operation indeed. According to steel industry sources, POSCO Holdings is reportedly determined to internally begin the testing schedule for its electric arc furnace
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POSCO Holdings moves out to additionally increase its scrap bidding terms adjusting higher by 15,000 won on raw scrap and 10,000 won on heavy melting, shredded and shelved scrap at its two steel works based in Pohang and Kwangyang. This additional hike comes in a week, following the 15,000 won hike
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Domestic stainless hot coil exports and imports showed the opposition with each other in the direction ahead amid the continuing volatilities of raw material price and mounting uncertainty globally. According to Kore iron and Steel Association, the first quarter this year was a total of 126,018 tons
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The iron ore price climbed slightly halting weakness lasted a matter of weeks. According to Korea Trade and Industry Ministry, the iron ore price was traded at $107.81 a ton on average in the fourth week of April on the 61% Fe cost & freight North China spot basis. This accounts for a $1.65 a ton hi
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Korea’s oil country tublar goods exports turned out to add in the first quarter seeing a 7.6 percent year on year climb to 102,431 tons from 95,201 tons a year ago. The industry achieved the export improvement despite import restraint measures in the main export markets including the US and Canada,
