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Iron Ore Prices sank down to year low again trading at $94.35 on average a ton on the Fe 61%, cost & freight northern China on spot in the first week entering August, a lowest this year across two weeks straight after the last week of July when traded at the bottom line. This accounts for a $2.04 we
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Finished steel exports came out to be higher over the last 2 months straight over the year ago month. This makes highly potential of a record high by the end of the year although the stocks are the opposite to the sliding production. According to China Customs Office statistics, steel mill products
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Korea’s rebar consumption looms staying at the middle of 6.0 million tons this year on the delaying recovery of construction activities, while weighing on the shipment overseas. According to the Korea Iron and Steel Association statistics released out lately, rebar production was up 8.8 percent to 3
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Domestic stainless prices are being frustrated lately as the downward pressures heighten with the stalling demand and the softer nickel price and foreign exchange rate combining. According to industry sources, domestic stainless mills are known to remain muted over their August shipment making allow
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China steel domestic prices keeps sliding lately on the major 6 product forms amid the increasing stock levels to the contrary. According to analysis provided by China Steelhome, the first week of August showed steel prices on average to slide by 4 yuan less and 26 yuan steepest with hot coil at 3,3
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First half of the year exports eased in refined copper products but the imports thereof featured out to increase to the contrary in Korea. According to the statistics released by the Korea International Trade Association, Korea’s first half of the year exports of copper sheets inched 2.2 percent hig
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POSCO Holdings nullified auto sheet license lawsuits alleged by rivals concerning Hot Press Forming technology in US and China, moving out to aggressively protecting its owned exclusive privileges and the global competition in this respect is changing to get out of ArcelorMittal’s dominance to date.
