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China steel mills are voicing for curtailment in production nationwide amid mounting risks for delay in economic recovery although a huge stimulus looms at the Two Secessions held lately. According to the local news sources, China’s regional steel associations have continued to ask for their members
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Korea has won the LNG fuel feed network construction and administration project worth 430 billion won in Indonesia in which PT AGP Indonesia Utama Consortium consisted of Korea’s offshore plant design company, GAS&Tech and Indonesian companies together, said Korea Ministry of Marine and Fishery Affa
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SeAH Steel Holdings of Korea turned out to achieve its record high in operating profit last year stating officially March 18 that the 2023 year yielded a total of 3,913.3 billion won sale and 590.9 billion won operating income. The sales revenue was decreased 1 percent but the operating profit gaine
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World electrolytic copper price rocketed lately at the news that China agreed to cut its production trading at past $9,000 after 11 month’s absence. The LME trading on March 15 ended at $8,906.5 per ton with a $115 add over day for refined copper on the spot official basis, and three months goods at
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The Korean steel scrap demand falls sharply to a record low on the devastated construction and where else in East Asia, Vietnam emerged as the No.1 steel scrap using country in the region entering the new year. According to trade statistics compiled at the Korea Iron and Steel Association, the steel
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Ironmaking raw material prices crashed hard on ripples of the global steel market constraints. The iron ore price is just hanging near $100 per ton and coking coal slipped over $30 per ton in just a week. The slippage is fueled by a steel slowdown in China. According to Korea Ministry of Trade, Indu
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With the entry into the seasonal boost China Government issued its strong intention on the stimulus, but elsewhere in the consuming industries the constraints continued, raw material prices point to weakness and supply keeps going up. This eventually pulled steel prices down in China, with flat prod