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Domestic hot rolled sheet market is keeping weak heading towards the middle of the month, while being inclined to take a wait and see position closer to the end of the year. According to the industry sources, hot rolled fat product prices are traded at 800,000~810,000 won a ton on the No.1 domestic
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Korea’s stainless market is quite calm closer to the year end, while vendors are planned to more defend the prices amid lower hopes for investment for a while. According to stainless distributors, POSCO’s STS304 prices look to trade at around 3,350,000 won a ton on the hot and cold rolled sheets in
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Concerning the long product, the second week of December showed kind of slippage in price averaging 1,020,000~1,300,000 won a ton on the H-beam which has light and medium caliper grade after the fifth week fall. The falling pace amassed 70,000 won a ton over the past five weeks, touching the bottom
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The second week of December saw a falling pace in steel prices across China as well as Korea. For example, the major steel forms in China fell their prices across the board, although supply runs kind of short of demand. This looks to be more tied up with the seasonality cooling over the final month.
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Korea’s plate market is just to close the 2025 business with a record low taking a turn for kind of the worse towards 2026. Plate consumption is being backed certainly by the shipbuilding industry but other consuming sectros like construction and manufacturing are very short to intrigue plate market
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Domestic cold rolled flat product market showed kind of mix under the dragging domestic consumption and susceptibility of steel forms even in October, while POSCO Holdings was a little benefited from the seasonality boost due to the widened adjustment of prices on PO and EGI products but Hyundai Ste
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Korea’s hard steel wire rod sale volume was down 9.2 percent in October month to month from 29,810 tons to 27,073 tons or 22.1 percent smaller than a year ago based on the 6 big producers consisted of Kiswire, Manho Steel, Dongil Steel, DSR Steel, Youngheung and Chungwoo Steel, S&M Media released it
