26
May
01:00
Koreas currency hurting both domestic and export steel demand
South Korea’s steel industry is showing its reliance on exports, not only of steel but of cars and ships. The Korean won has been relatively firm compared to the Japanese yen and Chinese yuan, leaving domestic steelmakers struggling to find buyers both at home and abroad, Kallanish notes.
The Korean won has fluctuated around 1,100/$ since late 2014, losing almost 10% of its value since mid-2014. The Japanese yen however has lost 20% and the Chinese CNY…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous