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Kiswire, Korea’s No.1 largest wire rod producer in Korea, saw its third quarter revenue sale due largely to the contracted automotive production hit by the chip shortage. Kiswire’s third quarter revenue sale was down 7.2 percent quarter on quarter amounting to 389,615 million won, and the operating
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Domestic casting industry saw its third quarter revenue slide on the abbreviated workdays and seasonal demand contraction as well as due to the reduced automotive production hit by the chip shortage. Under the contracted demand, the prices continued rising for the steel scrap, pig iron and alloy ste
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While the demand for stainless on distribution market is stalling, the majority is that domestic stainless sheet mills including POSCO is very probably to raise their December shipment prices again. The nickel price which accounts for the primary portion of the costs for the production of stainless
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While the H-beam prices stand out weakness on the falling trends of scrap price and demand constraints the import quantities as well are getting colder. Domestic H-beam market is starting cloud of slowdown in business amid the price declines. The situations are getting worse as the demand is reducin
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POSCO set up to cut its HR price towards real end-users over the December offering, in a bid to respond to the currently falling prices in China and at the same time for the purpose of preventing any defections from existing customers like domestic piping mills. According to the steel industry, the
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China’s steel output dropped on the electricity shortage and imbalanced semiconductor supply but, the global crude steel production increased by addition in the US, EU and newly emerging economies including India and Southeast Asia in particular. The world crude steel production based on the 64-memb
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The HMS No.1 steel scrap composite price was unchanged from $472.4 per metric ton in the US over the fourth week of November, remaining steady after a two weeks hike. The price prior to the steadiness was $472.4 per metric tons over the third week which hiked $32.1 per ton from the immediate week of
