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The rising trends of steel prices halt lately in China with almost major steel products seeing declines although slightly. According to China’s Steelhome statistics, the third week of May averaged 3,510 yuan a ton for hot coil which dropped 52 yuan over week, while plate and CR prices were down 43 y
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Korea steel industry will take a trun for the better beginning the second quarter, market consensus leans to the favorable outlook which focuses on in particular the getting credit for the sale price increase on hot coil and plate which will help improve domestic steel mills, domestic securities cir
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Korea’s 3 stainless pipe producers misplaced their respective results for the first quarter with Sungwon and UST achieved production growth but Irem had to bite the bullet to scale back its stainless piping lines. According to the survey conducted by S&M Media on the major 3 stainless pipe producers
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Domestic stainless market consensus seems to prepare for the beginning of the summer seasonality boost while some observers call to have alerts to the correction stage instead. Domestic stainless industry people bet on the strength of stainless prices across June and July while getting high credit f
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Korea’s electric arc welded steel pipe having small diameter turned out to slide tis production and export demand alike for the first quarter on the slumped construction and devastated shipment headed into the US market. According to the Korea Iron and Steel Association, the first quarter small diam
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Domestic aluminum flat product refineries came out to make achievement in April year on year but disappointment versus a month ago. According to the survey conducted by S&M Media on the 3 big aluminum flat producers consisted of Novelis Korea, Choil Aluminum and Daeho Al. their entire sales volume i
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The iron ore prices keep rally on the week trading basis stepping up to $111 a ton the first time this year having for the tailwind. According to Korea Trade and Industry Ministry, iron ore price was $11.38 on average a ton with $0.92 week over week rise, in the second week of May, on the 61 percent
