Steel&Metal News

POSCO and Hyundai Steel Jointly Move Out to Lift HR Price over Dec.

Domestic HR mills took action to boost offering price toward distributors as forecast by the market earlier. The increase seems to address the rising costs and global rallies. According to the industry, POSCO and Hyundai Steel notified large customers and their exclusive steel service centers of the
POSCO Reviews Investment to Construct Plate Mill in Saudi Arabia

POSCO is now examining as to the plate rolling mill constriction in Saudi Arabia drawing attention of the industry to the agreement reached with a worldwide energy company, Armco, for the plate rolling mill. POSCO took its China-based plate mill shedding early this year. Aramco is the government-own
POSCO Lifts Stainless Price for Dec. Focusing 400 Series

POSCO is determined to increase 400 series of stainless steel price as well as grades that were developed counter import over the December shipment. Price increase for 400 series is the first time in four months since August this year. The LME nickel value boosted $500 plus in November on average mo
H-Beam Mills Clinging to Drive Up Price before Year-end

Domestic H-beam industry sent signal to drive up the price ahead of the year-end. Entering the fourth quarter, the industry proceeded the price increase every time, the market continues to resist thereto, forcing the price to step back. The mills however are showing a strong willingness to secure hi
Turkey’s Steel Scrap Import Price Jumps to $350 per ton

US steel scrap price heading for Turkey raised close to $359 per ton in tandem with the strong upward trends of late. Fe-scrap on HMS(80:20) heading for Turkey from the Baltic Sea is raised up to $340~350 per ton cfr which was up $17~18 per ton from the period earlier. The shredded and HMS(80:20) pr
Wire Rod Industry Averages to Use Capacity by 69.7%

This year, domestic wire rod industry’s capacity utilization rate fell under 70 percent on the recession of major consuming industries and instability of domestic business. According to the release shared out by the Monetary Supervisory Office, the major domestic wire rod producers averaged 69.7 per
Color Sheet Price Keeps Up Raise even over Dec.

Korea’s color pre-coated sheet producers continue to move out to lift their price over the December shipment on end. The major producers including Dongkuk Steel and KG Dongbu Steel announced the 50,000 won per ton increase as of December 1. They started boosting the price from August this year synch