The 2022 steel demand will increase slightly 1.5 percent supported by the base effect of the COVID-19 and returning economy alike, Korea Iron and Steel Association(KOSA) projected lately. The consequences will come up to around 56 million tons based on the steel mill products, the Association added.
The iron ore value turns to the upside largely based on the recovery of China’s steel demand growth. According to the industry source, the iron ore price posted $137.4 per ton on January 21, which was as high as to rise $3,75 per ton a day ago or $10.65 per ton a week ago. The stronger iron ore pric
China’s steel market improved in the third week thanks to the government’s low-interest driving stimulus and higher performance in the major indicators. For example, the flat product price increased 10~50 RMB per ton in the third week in the Shanghai and Tianjin districts, and the long product also
Domestic plate producers are trying to balance the supply and demand status with all the higher cost push burden. According to the survey conducted by S&M Media, the aggregate plate production last year comprised of three producers totaled 8,864,000 tons, which dropped 1.1 percent or 100,000 tons ar
POSCO launches the green hydrogen production projects in Saudi Arabia via a business cooperation with Saudi Arabia Public Investment Fund(PIF) and Samsung Corporation, reaching the Memorandum of Understanding(MOU) on January 18 at Ritz Carlton Hotel in Riyad, Saudi Arabia at which Korea-Saudi Smart
Domestic long products comprised of reinforcing steel bar, H-section and general structural alike are supposed to be increased next month for which Hyundai Steel and Dongkuk Steel are chiefly leading the EAF industry, the industry source delivered. The price increase is not yet in public pertaining
It is said that Hyundai Steel deliberates a new pricing policy on the concrete reinforcing steel bar products, reflecting the electricity charges when calculating the rebar prices into the bargain which is based on the volatility of steel scrap value. It is known that the new craft is targeted to av