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The LME trading of September 30 ended at $14,487 on the refined copper spot and $14,455 on the 3 months, while wrapping up with $3,204 and $3,210 for aluminum, $3954 and $3,842 on zinc, $1,856 and $1,890 on lead, $15,860 and $16,060 on nickel, and $54,075 and $54,350 for tin a ton respectively. The
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Nucor Steel, first largest crude steel mill in US, raised its hot rolled coil price again by $1,220 a short ton at its entire mills beginning September 28 but California Steel Industries which offered $1,280 a short ton added $10 over week while the lead time remained unchanged taking 3~5 weeks long
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Nippon steel of Japan is set to raise its November delivery price past 5,000 yen for domestic distribution and sale on rerolled flat product, light structural shapes and steel pipe and tubes, industry sources said. The main product categories are focused on all the flat products including picked & o
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Iron ore price constrains hovering $95 around though inched a bit to $95.56 in the fourth week on average for the 61% Fe northern China cost & freight sport terms, Korea Trade and Industry Ministry delivered. This seems to be affected by the stalling demand and thus, steel mills braced for poorer pr
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The global crude steel production underwent in August versus that a year ago, while first largest steel producing country, China, leads production cut though others like US and Vietnam put the brake on the falling pace. According to World Steel Association, the August crude steel production was down
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Hot coil prices slipped 3 weeks streak though steel mills cut their production in China, running very shorter of the expectations for the seasonality boost on deck. As of September, steel purchase management index was 49.8 in September, adding 2.4 point over month but less than the standard of 50. I
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As per the survey carried out by S& Media on the major hard steel wire rod producers consisted of Kiswire, Manho Steel, Dongil Steel, DSR Steel, Youngheung and Chungwoo Steel, their July sales volume totaled 31,359 tons in July, down 1.7 percent over month of 31,917 tons or 8.3 percent smaller than