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The LME trading in September 22 posted $14,797 on refined copper spot and $14,760 on the three months respectively, while trading aluminum at $3,242 and $3,264, zinc at $4,006 and $3,938, lead at $1,909 and $1,935.5, nickel at $16,410 and $16,540 and tin at $53,745 and $54,000 a ton respectively. Th
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Korea’s No.1 largest integrated steel piping company, SeAH Steel, is to benefit from the mounting LNG demand and AI-based Data Centers in the US, Daol Investment and Securities analyst Lee Jung-woo diagnosed lately. Third quarter results are expected to very match the market consensus since the expo
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US Department of Commerce lately released the antidumping review related final determinations on the import of rectangular steel pipe and tubes from Korea, finding out that the imports covered the review period were not sold at price that was below normal value. Respondents which are subject to nega
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World first largest steel mill, Baowu Steel Group and global miner, BHP agreed to keep going ahead the bilateral R&D activities further aiming at reducing carbon emission at blast furnaces and develop direct reduce iron production technology as well. According to BHP, the memorandum of understanding
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POSCO Holdings are said to join the steel scrap bidding cut further around the end of the month, 10,000 won lower a ton on all the scrap grades but raw scarp pressed at Pohang and Kwangayng Works both going by September 28. This comes in 2 weeks after August 14 when the company lowered 10,000 won on
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China coal price turned around to downside again while US alone bounced its steel prices, iM Securities diagnosed. As recently as late September hot coil price in US hiked to $1,370 a ton on domestic market rising 2.4 percent over week. This was strongly backed by shipment shortage at steel mills un
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Based on the September 21 LME trading, refined copper price hit 5 days in a row ending at $14,788 a ton on especially fears of China supply and depleting stocks available. This is closer to a high in record again, while COMEX trading hiked up to $6.8410 per pound for the December futures wrapped up
