-
The ironmaking costs are benefited from the continuing slippage of raw material prices amid the projections to slide ahead as well to a lowest since the final quarter of 2022. Korean blast furnace routed mills are therefore beneficiaries but the steel industry is overall worried about the devasting
-
POSCO lowers the steel scrap buying bid the forth time following the last month, announcing to cut by 10,000 won a ton on all the scrap grades effective April 19 at the Pohang and Kwangyang Works. The two steel works had cut 10,000 won in March on 22, 29 and 5th respectively. POSCO is now limiting w
-
US Government is aggressively pushing forward to impose import tariffs rate by three times higher to 25 percent on the imported Chinese steel and aluminum. According to foreign news, the Biden Administration is examining to increase the present import duties of 7.5 percent on the Chinese steel and a
-
Korea’s plate market is losing momentum slowly but steadily which is counter the expectations for the upstream industries like shipbuilding which take in pride of revival of bookings lately. In fact, the shipbuilding boom turns not in favor of domestic plate mils but prefers the low-priced Chinese p
-
Korea’s merchant bar market is continuing weak without seizing an opportunity to rebound amid lack of consumption, backing up to 750,000 won around per ton on the 10mm SD400 model this week. The market situations are most in the limbo stepping back fast on the cut throat competition among distributo
-
The first quarter this year, Korea’s steel wire products export was down 2.9 percent from a year earlier totaling 114,905 tons, to say nothing of import slipped 12.9 percent to 93,427 tons alike. By product, tire cord and wire rope exports amounted to 13,047 tons(down 16.8%) and 23,518 tons(down 3.2
-
Korea’s stainless CR production and sale are continuing to recover although slightly but steadily. According to the Korea Iron and Steel Association, the first two months led the stainless cold rolled strip production up by 26.5 percent or 30,000 tons larger than a year ago totaling 146,818 tons. Th