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This first half, the long product production and sale clearly reduced aside from rebar. Overall, the conditions are coming out to return to normal from the pandemic base effect although differing by product. Rebar production alone increased while the rest product scopes showed two-digit reduction ma
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Nexteel began the operation of its US-based piping mill enabling to stave off the export quotas subject to the Section 232 tariffs. According to the industry sources, Nexteel established a strategic alliance with the US-based partner to set up a joint venture entity in Huston. Nexteel provided the p
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Domestic stainless CR sales quantities came out to improve this year toward distributors and real consumers alike in particular. The figures dropped with the start of the second quarter, but the first quarter performance contributed to elevating the overall first half results totaling 211,776 tons,
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POSCO is trying to change its pricing cycle to weekly from monthly as domestic price slides every week on distribution channel over the first half. According to distributors sources, POSCO sets the price which was available on supply chain in conjunction with last week when it comes to the import re
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SeAH Steel will achieve very high results in the second half as well supported by the energy tublar goods export improvement heading for the US, Hana Securities analyst Park Sung-bong presented. SeAH Steel will continue advance at the root of the third export, especially export of energy pipe and tu
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The first half CD bar production and sale quantities dwindled the prior year on various bad conditions at home and abroad both. According to the Korea Iron and Steel Association, the second quarter of 2022 CD bar production was 102,255 tons, rising 1.8 percent the previous quarter, but it dropped 7.
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Seasonal drag prompts need for construction and heavy equipment to stall with the continuing energy crisis in Europe and recession in the US coming true slowly. Korea’s specialty steel demand is slowing down as the upstream business remains subdued on the bad conditions at home and abroad both, but
