According to China’s national statistics released on February 22, there numbered 22 steel mills which produced over 10,000,000 tons crude steel last year, with the first largest steel supplier went to BaoWu Steel which produced a total of 67,429,400 tons last year. BaoWu Steel’s crude steel producti
In the face of the talks going on between the US and China as well as the stronger Chinese currency, pessimism over the Chinese economy adds plausibility and trolling the steel prices to remain flattened on the dollar denominated terms. On February 20, China bank of People noticed 6.7558 against the
Last year, Korea’s production and domestic shipment of H-beam were record high in 10 years latest, assuming to result in a better performance despite the slowed construction business conductive to the contraction of H-beam needs as well. The 2017 demand for H-beam at home recorded only 2.81 million
In January, Korea’s Hot Rolled export improved as it related to Japan, improving 17.4 percent month to month, or upped 9.7 percent a year ago, totaling 274,388 metric tons. The advancement was distinct in the offshore shipments headed to the major export markets like Vietnam, US Japan and Indonesia
POSCO raised mild steel wire rod price by 20,000 won per ton available from March following January when 30,000 won per ton was increased. POSCO announced its new tags on February 18. The industry observers said that the increase seems a reflection that Chinese mills heightened export bids on Korea.
Vietnamese import of steel scrap is confirmed to fall sharply entering into the new year, a record low since January 2017. According to the statistics released by the Vietnam Treasury Ministry, the country’s scrap imports dumped as much as 53.7 percent in January a year ago totaling 274,550 tons. Th
POSCO and Hyundai Steel take a positive work ahead to respond to the moves to expand the production of hydrogen vehicles. Most recently, the government unfolded the plan to develop the hydrogen industry along with the production goal of 6.2 million units by 2040. POSCO is now offering POS470FC which