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Korea’s oil country tublar goods exports turned out to add in the first quarter seeing a 7.6 percent year on year climb to 102,431 tons from 95,201 tons a year ago. The industry achieved the export improvement despite import restraint measures in the main export markets including the US and Canada,
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Korea’s ferro alloy import has been up these 3 years seeing the first quarter imports adding too as low value strategy targeted Korea from newly emerging economies in particular. This contributed to discouraging domestic industry which tried to recover production in certain consuming industries like
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In Korea flat product is having a strong tailwind in price on the rising shortage fear. For example, plate market sees the price aligning streak lately, and domestic consumers are busy searching for any quantities that are available on the market. According to industry sources, the plate domestic pr
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Dongkuk Steel Group of Korea achieved to advance the first quarter outcome through focusing on the export extension and high value added steel strategy, strongly pointing to the positive signal to recover the profitability in case where antidumping order comes into effect ahead. Dongkuk Steel Group
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The Chinese steel prices climbed lately on the 6 fundamental steel forms. According to Steelhome of China, hot coil domestic price rose up to 3,460 yuan as of April 23, as much as 80 yuan a ton versus a week ago. CR and plate prices also climbed 50 yuan and 30 yuan each posting 3,800 yuan and 3,410
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Hyundai Steel sustained to extend revenue but resulted in a fragile profitability, announcing April 24 the first quarter achieved 5 trillion 739.7 billion won revenue and 15.7 billion won operating income on the consolidated financial statement basis. The subject quarter revenue added 4.6 percent ov
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Korean stainless flat product makers turned out to decrease their revenue and operating profit last year, amounting to 2 trillion 590.1 billion won revenue which dropped 7.7 percent year on year based on the 9 producers except POSCO Holdings. The 9 stainless flat product mills saw their operating in
