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Over the first half plate import came out to continue increasing although antidumping order took place against China. While the stable demand for plate persists the import floats allowing ship plate and shortage for certain models that are not fully supplied at home. According to Korea Iron and Stee
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This year’s rebar imports came out to surge on the low effect over the previous quarter while rebar exports rally cooled down to the contrary. According to Korea Iron and Steel Association, the first half of the year imports of rebar totaled 78,000 tons which surged 74.6 percent over year. This is d
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Entering July Korea’s refined copper prices took off on the stronger foreign exchange rate let alone rising raw material prices alike. The LME copper price averaged $13,574.32 a ton in June, inching 0.6 percent higher over month, while the foreign exchange rate was appreciated to 1,542.22 against th
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Nippon Steel of Japan moves out to further raise its plate prices heading into the July contracting to deliver in September towards the entire consuming industries at home. This accounts for the 5,000 yen hike per ton versus the existing sale price for which the company started to negotiate with con
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The iron ore price posted the second lowest this year remaining weak. According to Korea Trade & Industry Ministry, the iron roe price slipped $2.44 over fourth week of May trading at $97.83 a ton on the 61% Fe, cost & freight northern China spot basis, as a result of 6th slide streak. This accounte
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Korean stainless market as well as consuming industries begin to address the price increase taken by domestic stainless mills over the June supply whereas concerns grow over the second half potential of the price shifts. Notwithstanding, distributors as well as real end-users are expected to get dow
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Korea’s plate prices showed upsides over the final week of June, while the market is taking sides to accept the price increase domestic plate mills adjusted lately. According to industry sources, domestic prices for plate(SS400) are traded at more or less than 990,000 won per ton on distribution cha
