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Korean scrap metal prices are turning super upgrades entering the new year and certain EAF mills are busy rushing for scrap buying even from Japan. According to the industry sources, domestic scrap price keeps rallying with the start of the year while Hyundai Steel taking and other mini-mills EAF jo
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With the continuing recession across the globe world’s crude steel production was not exceptional last year, while World Steel Association released lately a total of 1,849.4 million tons crude steel production last year which was lower by 2 percent year over year marking two successive year slips or
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The Malaysian steel industry urges the Government to counteract the unfair trade practices by Korea and Vietnam which are targeting their disposal of steel surplus into Malaysia. For example, the steel industry people of Malaysia pointed out Korea’s cold rolled sheet which should seek alternative ma
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As recently as mid February the LME nickel price eased after peak but the remaining bullish is available, stainless distributors pointed out. At present, POSCO’s STS304 cold rolled sheet price is traded at around 3,350,000~3,400,000 won a ton which was higher by 50,000~100,000 won a ton over the end
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According to the Korea Iron and Steel Association, last year marked a 5.2 percent increase in the ferro alloy import totaled 1,181,480 tons, a record high in 10 years since 2015 exceeding 1.1 million tons two years straight following 2024. By product, ferro silicon import was down 13.4 percent to 21
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The Korean stainless cold rolled sheet market is just crossing the Rubicon, facing declines entirely in export as well as import. A sort of particulars that caught eyes is more than 70 percent plunge in export headed into the US market last year. According to the Korea Iron and Steel Association, th
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The Korean hot coil market begins the about-turn bracing for a new pricing mechanism since taking effect antidumping duties. The import surges fade out from Japan as well as Chiona, whereas domestic shipment renewed its highest in 4 years weighing on the prices driven by the market disciplines. That
