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Chinese steel mills are driving up their sale price even though demand drags on. For instance, Anshan Steel announced to increase its major steel forms by 50 yuan a ton for hot coil, plate, pickled & oiled, cold rolled sheet, galvanized sheet and non-grain oriented electrical steel over the August d
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The Chinese steel product exports ramped firstly this year up in June year on year amounting to 10.32 million tons with a 6.6 percent hike. This was 4 percent higher even compared with the average per month in the last year. And this appears to benefit from the frustrated steel manufacturing in Iran
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According to Korea Iron and Steel Association statistics, the first half-2026 was down 2.1 percent over year totaling 30,398 tons cold drawn steel bar products exports. Of which, outbound shipment headed China was down 23.2 percent to 4,295 tons, into Taiwan down 33.9 percent to 804 tons and into US
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The Japanese steel scrap domestic prices supported to date by weak Japanese yen take a turn for the worse in 11 months while Korean scrap market is paying attention to the impact ahead. According to industry sources, steel scrap price traded across the Kanto region in Japan slipped 1,000 yen over we
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The iron ore prices continue downside over the last 3 weeks below $100 a ton although the second week of July wrapped up with $98.58 which inched $0.24 higher for the 61 percent Fe cost & freight North China basis. The ironmaking coal prices averaged $238 a ton with a $1.80 slide week on week for th
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Korea’s SeAH Besteel is likely to result in an improvement over the second quarter, thanks to the positive effect of sales volume growth and price increase combined at its major subsidiaries, Hana Securities analysts Park Sung-bong released. For instance, one of major affiliated companies, SeAH Best
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Korea’s aluminum flat product refineries trimmed their July sale price by 110,000 won cheaper than a month ago while lowering $170 for local export price which coincides with the aluminum price on the LME trading which slipped month on month from $3,670.18 in May to $3,458.64 in June, a 5.76 percent
