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As per the survey carried out by S& Media on the major hard steel wire rod producers consisted of Kiswire, Manho Steel, Dongil Steel, DSR Steel, Youngheung and Chungwoo Steel, their July sales volume totaled 31,359 tons in July, down 1.7 percent over month of 31,917 tons or 8.3 percent smaller than
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Korean EAF mills led by Hyundai Steel move to lower their scrap bidding just past the Korean Thanksgiving holiday while those based in southern districts are ready to brace the upside ahead by holding their decision to cut bidding terms. According to industry sources, major steel mills at home are r
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The LME trading in September 22 posted $14,797 on refined copper spot and $14,760 on the three months respectively, while trading aluminum at $3,242 and $3,264, zinc at $4,006 and $3,938, lead at $1,909 and $1,935.5, nickel at $16,410 and $16,540 and tin at $53,745 and $54,000 a ton respectively. Th
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Korea’s No.1 largest integrated steel piping company, SeAH Steel, is to benefit from the mounting LNG demand and AI-based Data Centers in the US, Daol Investment and Securities analyst Lee Jung-woo diagnosed lately. Third quarter results are expected to very match the market consensus since the expo
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US Department of Commerce lately released the antidumping review related final determinations on the import of rectangular steel pipe and tubes from Korea, finding out that the imports covered the review period were not sold at price that was below normal value. Respondents which are subject to nega
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World first largest steel mill, Baowu Steel Group and global miner, BHP agreed to keep going ahead the bilateral R&D activities further aiming at reducing carbon emission at blast furnaces and develop direct reduce iron production technology as well. According to BHP, the memorandum of understanding
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POSCO Holdings are said to join the steel scrap bidding cut further around the end of the month, 10,000 won lower a ton on all the scrap grades but raw scarp pressed at Pohang and Kwangayng Works both going by September 28. This comes in 2 weeks after August 14 when the company lowered 10,000 won on
