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China-made flat product import are on the rise into domestic market with the lowering offers. This leads to difficulties in the product selling in May, and domestic pipe makers raise the product discount rate with a view to destocking. The order intakes from the GI downstream industries as well as t
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Domestic plate makers are adding the export orders steadily. Entering the second quarter, they eye domestic sale to slow down. Instead, they are expected to seek export ahead. Domestic plate producers consisting of POSCO, Hyundai Steel and Dongkuk Steel increased their sales quantities up 2.9 percen
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Domestic stainless cold rolled sheet sales quantities increased on the domestic market, elevating as well the production figures albeit higher costs. According to the Korea Iron and Steel Association, the first quarter sales of stainless cold rolled sheet totaled 301,149 tons in total on the strip b
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POSCO accelerates the 2050 carbon neutral ironmaking process in response to the increasing claims for low carbon steel products from its customers. In doing this, new steel technology and huge investment are needed with a view to reduce carbon oxide generating in the ironmaking process. POSCO is now
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This year is seen signifying the shortage of zinc across the world market, due apparently to the unprecedented electricity charges in the EU that hit the refineries. According to International Lead and Zinc Study Group, this year’s refined zinc demand is expected to be as much as 1.6 percent higher
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US crude steel production was 1,967,593 tons in the second week of May, and the capacity utilization rate averaged 81.8 percent under the American Iron and Steel Institute. The figures in the same period last year totaled 2,021,605 tons and the 81.0 percent capacity utilization. The second week of M
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Steel prices are hesitating on products in part apparently having an end for the sky-high strength continued as yet in the raw material values. The steel scrap prices that have led the steel prices hikes under the global shortage in particular paused rise starting to fall, while the iron ore prices
