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Korea’s rebar base price is expected to retrieve to the 940,000 won a ton level in 2 years about beginning next month. According to industry sources, the March rebar domestic price is expected to reset by 20,000 won more or less higher than February on the 10mm SD 400 grade, which comes in 8 months
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Korea’s major aluminum flat product makers consisted of Novelis Korea, Choil Aluminum and Daeho Al expanded their export demand by 19.1 percent larger year on year in January from 69,711 tons to 83,013 tons, S&M Media released out lately. By refinery, Novelis Korea faltered its domestic shipment but
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The Korean copper scrap market kicks off adjusting the price differential by scrap grade, while domestic suppliers voice the need for addressing the scrap quality depending upon the rate of return in company with the surging raw material prices including refined copper. According to industry sources
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The widely scaled back construction business of late forced domestic long products like rebar as well as H-beam to renew their record lows sitting down the lowest since the 2009 global financial crisis. According to the Korea Iron and Steel Association, the 2025 H-beam production was down 4.1 percen
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According to the Korean securities report, domestic steel industry is forecasted to make gains with POSCO and Hyundai Steel leading a key role to rebound in particular baked by the import restrictive measures coming into effect. As a result, POSCO Holdings is expected to make 600 billion won around
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Hot coil price turns upward in China entering the new year while the price gap widens further between US and China. Hot coil price has already broken through $1,000 level a ton in US whereas remains locked in $400 around in China to the contrary. According to industry sources, US hot coil domestic p
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Last year was downsides for the Korean special steel small and medium producers as the import surges of low value molding materials and supply chain crunches affected negatively as well. Looking into the financial statement classified by company, firstly Dongil Industries saw its sale revenue down 1