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POSCO continues attending steel scrap tenders placed in Japan three weeks in a row, while the yen-denominated benchmark price increased lately amid the same level as based on the Korean currency. According to the industry sources, POSCO filed its Japanese steel scrap buying bid at 54,500 yen per ton
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Domestic steel pipe and tubes makers dealing with plumbing standard tublar products are very likely subject to face with the continuing sales volumes due to the fading construction projects. According to the industry sources, the steel pipe offering towards construction companies cooled down signifi
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Although the summer is on the verge of start domestic consuming industries remain stagnation while trade volumes as well slow down. Domestic steel mills changed their position to a wait and see gesture, being very cautious to make new contracts given the idling demand, said the industry people. Chin
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Although stockpile dropped on the market, business slowdown sustains and as abnormal a weather condition and seasonal rain scarcely happened cooled the construction business and consequent raw material prices collapsed caused China’s steel prices to crash at the end. Over the fourth week of May, hot
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Domestic stainless distribution market continues slowdown even until the later part of May, while import surges to the contrary to add the downward pressures in price. Entering the middle and late part of May, domestic stainless coil products are hardly subject to enquiries, while POSCO STS304 CR is
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POSCO materializes its launch to the rebar in coil market for which lately the company acquires the Korean Standard㉿ quality certification from the Korean Government. According to the industry sources, POSCO rebar in coil sale is supposed to be handles by POSCO International very likely beginning th
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Korea’s steel scrap self sufficient rate turned out to peak up to a 90 percent level in the first quarter as the scrap consumption contracted to a large extent. The domestic steel scrap self sufficient rate sustained 85 percent three years past in a row until the last year hiked this year due to the
