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Korea’s color sheet manufacturers are making efforts to increase export even exploring new markets on the limited access to domestic consumption as well as due to the export quotas in both US and EU. However, they had to experience reduced export in October, decreasing 8.2 percent from the year befo
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The London Metal Exchange showed declines slightly in aluminum cash official prices on November 14, trading at $1,759 per ton, while the three months at $1,759 per ton each. The aluminum market came one day ahead of the starting of heating in northern China, but the uncertainty of whether curtailmen
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The falling trends of the domestic hot coil prices continue over the course of November, approaching 500,000 won per ton levels along the supply chain, the industry people anticipated. Over the second week of November, POSCO anti-import grade prices traded at 620,000 won per ton on the first-hand di
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As the US and China makes progress in the first stage trade talks China’s steel market prices are returning, but the prospective ahead stays uncertain still. On November 15, People’s Bank of China noted 7.0091 yuan to the US dollar, which was depreciated 0.0008, or down 0.01 percent from the last da
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HR and plate prices remain under the continuing falling trends since September, being threatened their 600,000 won per ton range lately. According to the domestic hot rolled flat product industry, POSCO GS grade hot coils traded at 620,000 won per ton range in the second week of November, sliding 10
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The US Commerce Department recently issued its preliminary determination with respect to the antidumping review on cold rolled steel sheet and strip imported from Korea, deciding de-minimis margins for the low. As a result, POSCO, KG Dongbu Steel and Dongkuk Steel which are known to be subject to ab
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Dongkuk Steel ended off the third quarter with 43.9 billion won operating profit which decreased 4.8 percent a year ago. The company’s sale was 1,263 billion won with a 6.2 percent year on year drop, and the consolidated sale was 1,430 billion won, down 4.7 percent and operating profit was 56.7 bill
