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China domestic steel prices continued weak over the second week, with hot coil trading at 3,400 yuan a little bit 6 yuan down, plate and CR down 12 yuan and 10 yuan at 3,393 yuan and 3,783 yuan respectively. Rebar and H-beam sold at 3,268 yuan which was down 21 yuan and 3,380 yuan slipped 8 yuan a t
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Over the second week of July domestic rebar price climbed 20,000 won over week trading at 880,000 won a ton on the 10mm SD400 model. This was a bounce in 5 weeks. Rebar mills continued to escalate sale price until early last month but the distribution prices slid 2 weeks to the contrary with the ent
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Domestic plate market floats robust centering domestic need over the past 6 months, which soared to a 3-year high especially backed up by the continuing climb from large projects including shipbuilding, offshore platform and energy facility. Plate production was also grown to return but the exports
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Entering the year the China made H-beam disappeared in Korea, but the Japanese one continued a robust market share to break 70 percent. According to the Korea Iron and Steel Association, the first half H-beam imports plunged 22.2 percent to 117,000 tons, showing a 22-year low roughly since the secon
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Korea Government initiated the tinplate antidumping investigation on China, Korea Trade Commission released July 10. The trade case was sued by TCCC Steel and Shinhwa Dynamics on June 19. The antidumping probe targets black plate, coated steel flat products which are coated with tin, chromium or chr
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POSCO Holdings and Hyundai Steel which are the mainstream to produce hot coil in Korea made a significant stride to sell the high of hot coil in 5 years. Their hot coil production scaled back owing to the partially frustrated facilities over the first half but a bullish demand for automotive sheet a
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With the entry into the offseason domestic rebar mills are running fairly well while allocating for shipment abroad. According to industry sources, the rebar capacity utilization averaged 67.2 percent in July at the 8 big EAF mills consisted of Hyundai Steel, Dongkuk Steel, Daehan Steel, YK Steel, K
