Steel&Metal News

POSCO Holdings Braces for Cost Push Burden by Raising Price

POSCO Holdings moves out to increase its sale prices heading distributors on the entire products going about the second quarter especially targeting hot coil, CR, coated sheet and plate. This is in response to the logistics expenses built in accumulation while taking account of the changing situatio
Rebar Export Rocketed to 300K tons for the 1st Quarter

The construction has been dragging on long time the rebar export was above at last 300,000 tons in the first quarter but traders are expected to ease shipping overseas for the next quarter as the Middle East Conflict persists and consequently sea freight is rising plus steel mills keep trimming ship
Adding Hot Metal Output in China Elevates Iron Ore Price

The iron ore price goes down a bit remaining still the higher end of $100 a ton while betting is rising on the upward ahead as the Chinese blast furnaces begin to scale up production and soaring crude oil price alike. According to Korea Trade & Industry Ministry, the iron ore price was in the first
Fe-Scrap Import Remains Dragging on Heading Early Year

With the stalling recovery of domestic construction business steel scrap import continues weakening at the record low this year too. The first quarter steel scrap import turned out to plunge 22.7 percent smaller than a year ago totaling 389,000 tons based on the statistics provided by the Korea Iron
April Rebar Capacity Utilization Defends 60% Around

Domestic rebar industry is seen by the way to keep its capacity utilization ratio of 60 percent around for the second consecutive month just entering into the seasonality boom. The capacity utilization rate is featuring to further rise as Hyundai Steel goes on its scrapping of certain facilities at
New Notches Setting Sounds Better Sentiment for Steel in China

The Chinese purchasing managers’ index(PMI) ramped up 50 in March, signing the first time to add bookings month to month since the beginning of the year. this helps raise the steel prices as well this month with the rebounding flow of steel demand and production, China Steel Logistics Committee said
April Refined Copper Products to Lower in Price on Softer Korean Currency

This month domestic refined copper product refineries adjusted sale price downward or halt at least as the softer foreign exchange rate against the US dollar. The LME average was also down 3.62 percent in March trading at $12,498.98 a ton over the previous month. In detailing by product, the LME zin