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Last month showed the seasonality slash in the Chinese crude steel production, reporting a 1.8 percent year on year decrease or 0.9 percent smaller than the period June 11 through 20 totaling 2.13 million tons a day on average between June 21 and 30, China Iron and Steel Association released lately.
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Korean steel pipe makers are very hostile to increase their sale price through narrowing the product discount rate in a sense that the poorer profitability cannot be resumed in the later part of the year. Firstly, SeAH Steel cut its product discount rate earlier in a fashion to boost the product pri
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Largest 6 steel wire rod producers consisted of Kiswire, Manho Steel, Dongil Steel, DSR Steel, Youngheung and Chungwoo Steel sold a total of 34,197 tons in May accounting for a 5.0 percent smaller than the month before or 4.7 percent less than the corresponding period of the last year. The sales vol
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China’s hot coil was traded at over 3,200 yuan a ton in just a week looking a limited bounce but seeking the direction in response to the steel curbs and stalling export lately. According to the industry sources, the first week of July ended with the 3,233 yuan a ton on average on the hot coil produ
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Korea Ministry of Finance and Strategy published July 7 its determination to postpone the preliminary antidumping duties until the coming September 4 against the import of stainless plate from China. The original antidumping duties are preliminarily scheduled to impose for four months from March 25
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Korea’s rebar mills are concerned over the low level of capacity utilization rate which is sticking to 50 percent even entering July. Some rebar mills including Korea Special Steel, Korea Steel and Hwanyoung Steel published their capacity utilization would climb for the third month this year. Accord
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The Korean steel scrap import plummeted to an unprecedented low under 1.0 million tons, for the first half of this year, on the record construction slump. The June scrap import fell sharply 10.4 percent over year totaling 152,000 tons, in part of the 13-month slide in a row since July last year, Kor
