Steel&Metal News

Stainless Prices Rally Launching Early Summer Seasonality Boom

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
Small ERW Steel Pipe Inches Down the 1st Quarter Output and Exports

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
Big 3 Al Flat Producers Advance in Sale

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
China Blast Furnace Route Mills Soar Surplus Rate

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
Q1 Steel Tire Cord Rebounds in Output and Sale Albeit Import Surges from China

Korea’s steel tire cord output and sales volume turned out to hit a record high in the first quarter in company with the automotive production growth although the market took a turn for the worse from low value import surges and the Middle East unrest as well as rising substitute materials. However,
US Commerce Determines Final Subsidy Rate on Korea Large Diameter Steel Pipe

US Department of Commerce made a final administrative subsidy review on the import of carbon steel large diameter welded steel pipe from Korea, for the reported shipment during the period January 1 through December 31, 2023. According to Korea International Trade Association Washington D.C. Office,
Wire Rod Shortage Leads to Prices Upward whille Special Steel Bar Import Surges

Domestic wire rod prices keep going up in line with the strong raw material prices coupled with the shortage from the decreased import and trimming of domestic production while demand is encouraged by the low effect over year and favorable export demand for the upstream industries in part. On the de