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POSCO topped the cold rolled sheet sale larger than the market forecast last year, totaling 12,458,000 tons at home and offshore both, which inched 1.3 percent higher. Domestic shipment was 5,163,000 tons which backed 0.3 percent but export demand was advanced 2.4 percent totaling 7,295,000 tons, re
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This year is likely to slightly grow in the world crude steel production on the add in India, Europe, north America and Middle East, Fastmarkets said. China’s crude steel production particularly is probably to fade 25.03 million tons around keeping the fifth consecutive year slide. The country’s 202
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Dongkuk Steel Mill(DSM) stated in public that the rebar production and shipment would stop wholly for the coming 8 days January 24 to 31 just ahead and after the Lunar New Year holiday. This is in part of the effort to extend the rebar price stability announced last month. Prior to this, the company
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Hot rolled coil import neared 1.4 million tons from China alone although a bit smaller than a record high in 2023. In addition, low priced import is severely destructing domestic hot coil market, Korean steel producers pointed out. According to the industry sources, the 2024 import of hot coil was 1
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Hyundai Steel is known to determine the February rebar shipment prices but they are at sixes and sevens, market analysts commented. According to the industry sources, Hyundai Steel notified of the rebar product discount by 50,000 won a ton applicable to wrapping up the price for February. This means
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First of all, China’s stainless sheet prices came out to bound topping 5-year lowest lately. According to Mysteel, the January 10 trading for stainless 304 2B cold rolled sheet grade ended in 13,000 yuan or $1,773 a ton at the Jiangsu province. Prior to this, the prices fell to the week on week lowe
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East Asian based stainless mills are likely coming to terms with the ferro chromium producers to lower the first quarter price as the negotiations undergone between Japanese stainless mills and South African suppliers concluded to cut the offering prices. According to the market sources, the first q
