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Vietnam shifts its steel production structure from construction steel production to high value added steel product targeting to lift cruse steel output more than Korea, for which the Government adopted the long term steel development plan early February, permeating the interim plan to push forward u
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Over the second week of February the HMS No.1 scrap metal composite price added two weeks straight $22 at $388.3 a long ton resulting in a hike of a total of $30 over the straight two weeks in US. By month, the price surged three months in a row beginning December last year posting a peak in 34 mont
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Japan’s largest stainless mill, Nippon Steel, moved out to raise its 300 series stainless price over the fifth consecutive month looking to address across the board the pricing strategy as well as to brace for the robust nickel price and softer foreign exchange rate against US dollar lately. Nippon
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Nucor Steel posted the black last year on the positive effect of investment in facilities, but Clevland Cliffs saw a net loss on the battered demand for auto sheet. In detail, Nucor Steel’s sale revenue was $3,249.4 million adding about 6 percent over year and sales volume headed into the outside co
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Korea stainless service centers are prioritizing sales volume in general rather than price led marketing but appear to focus on the price disciplines just prior to the Lunar New Year holiday break. They strive to address the increased stainless prices lately on their sale price while making the best
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Last year was down in steel export shipped by Japan posting 2 years slow in a row. According to the Japan Iron and Steel Federation, the 2025 steel export totaled 30.39 million tons and their value was $28.513 billion. These accounted for slips by 4.2 percent and 9.1 percent year on year lower respe
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Korean stainless industry pays attention to the potential of further price increase toward real end-users by POSCO which took the price raise by 200,000 won a ton on the 300 series headed into domestic real end-users in mid-January. The consequences turned bullish in price on not only real end users
