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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
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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,
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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,
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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
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Korea’s hot rolled coil distribution prices are on the ongoing drives, although apparently taking a breather after a short term rally between March and April. According to industry sources, the current hot coil domestic price stays at around the middle or higher end of 900,000 won level a ton among
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Korea’s cold rolled flat product consumption at home and internationally are on the rise entering the recovery stage paving the way to improve forward. According to the survey carried out by S&M Media, domestic shipment for cold rolled coated steel sheet products totaled 475,000 tons around in April
