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Korea’s non-ferrous metal industry held lately lots of shareholders general meetings. Firstly, Poongsan Holdings held ordinary general meeting of shareholders on March 21, in which vice chairman Park Woo-dong appointed chief executive officer as the successor of chairman Ryujin whose tenure expired.
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China’s rebar domestic prices turned downward even entering the seasonality boom in construction, decreasing rebar prices as well by 60 yuan a ton on March 20. Another construction steel product like H-beam dropped in price too by 20 yuan a ton over week. The fundamental steel products like hot roll
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China sourced H-beam minimum price slid over the four back to back quarters last trading at the lowest in 8 years, in Korea, attracting new deals harder amid lack of demand and soaring foreign exchange rate alike. According to the industry sources, the minimum price applicable to H-beam imported fro
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POSCO sustains the third consecutive month status quo in the scrap bidding in Japan, filing the 49,000 yen cost & freight a ton on the HS scrap grade on March 19 based on the shipment within the coming April 25. On the same day, POSCO suggested 48,000 yen for the Shredded scrap grade too. POSCO’s sc
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Korean steel plate mills declared to get over the current odds through another driving up the price higher for the April shipment towards distributors. According to the industry sources, POSCO, Hyundai Steel and Dongkuk Steel are going to increase their plate price next month heading distribution ma
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Last year was a decrease in the carbon steel wire rod import contracted to the 300,000 tons level but the falling pace was deeper entering 2024 by 22.8 percent lower than a year ago. This is compared with the 400,000 tons around in the past, steel industry people said. wire rod import from Japan sho
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Over the two months past this year China’s crude steel production reduced over year, shipping 166,300,000 tons decreased 1.5 percent over the same period of the last year, after the Spring Festival holiday break. In January, the crude steel production was off 5.6 percent over year at 81,900,000 tons
