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Next year will continue cloudy not in favor of the domestic non-ferrous metal market, Samsung Futures analyst Kim Kwang-rae predicted at the seminar hosted December 6 by S&M Media zeroing in on the 2023 steel forecast. Next year will see steeper downward against the non-ferrous metal business on the
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It is known that the US Biden administration has lately proposed the EU Commission to talk about the new import tariffs relating to the carbon emission targeting steel and aluminum imports from China. The US and Europe jointly indicated last year that the present trade conflict sparked by the US Sec
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Korea’s HR industry turned out to be severely damaged in November on the flooded Pohang Works and Hyundai Steel strikes. This resulted in a 795,000 tons hot rolled sheet and coils in November, tamping down 1,015,000 tons or 21.7 percent a year ago, or down 2.5 percent from the previous month of 815,
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US spot official price on the hot rolled coils bounced on the distribution marketplace for the first time since the mills raised their sale price for the December shipment. As a result, the official spot price on the hot rolled coils shipping at the mid-west region increased up to $681.25 a short to
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The rising steel price on the domestic market and stronger currency value will negatively affect the steel export in China, said the China Iron and Steel Association. According to the Chinese Customs Office, the finished steel import totaled 772,000 ton in October, 13.4 percent as low as the prior m
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Korean long product market situations are likely to slow down consistently over next year for the sharply reducing liquidity, uncomfortable market price and rising interest rate alike, said Hyundai Steel team leader Cha Hyuk-jae at the 2023 steel conference for the long product projections. Rebar in
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POSCO Group chairman and CEO Choi Jeong-woo had discussions of the eco-friendly future business cooperation with Australia prime minister Anthony Albanese on December 1 at Congress Hall in Canberra. The discussions between the two heads proceeded with POSCO Group CEO Choi to directly introduce to Au
