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China’s major steel mills including Baowu Steel claimed the supply control in order to avert imbalance between supply and demand as well as less profitability. 45 steel mills headed by China Baowu Group, Angang Steel and Hebei Steel voiced to trim down stocks as well as tune down production since th
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The September 16 LME trading ended at $14,227 on the refined copper spot and $14,232 on the three months goods, while marking $3,3,10 and $3,289 for aluminum, $3,937 and $3,837 on zinc, $1,8489 and $1,889 on lead, $16,090 and $16,250 on nickel and $52,310 and $52,700 for tin a ton respectively. The
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POSCO Holdings’ union members said lately that the ongoing strikes in part would include hot rolling production lines of Pohang No.1 HR and Kwangyang No.4 HR line into the existing lines that were on strike in part at the No.2 HR at the Pohang Works and No.4 HR line at the Kwangyang Works.The newly
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The stalling output of crude steel continues in China, though manufacturing industries operate fairly well amid the construction constraints yet. According to the statistics quoted by China National Bureau of Statistics, crude steel production was down 3.7 percent in August comparing the year ago fi
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The Korean aluminum flat product refineries saw their August sales perform result in a slight gain over the year ago shipment though export demand continued dragging on. Breaking down the findings carried out by the S&M Media, the August sales volume integrated the big 3 aluminum flat products consi
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The Chinese hot coil domestic prices halted a 4th consecutive week rise entering fourth week of September, but they sustained as much as 3,330 yuan around which was more than 100 yuan higher than those traded early August. China steel mills are said to be increasingly reeled over a series of cokes p
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No longer robust flow is in sight for domestic plate price entering the second week of September, while the continuing lack of demand looms forward. According to industry sources, domestic plate prices are forming around the higher end of 900,000 won line a ton in second week while import price is l
