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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
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Vietnam shifts its steel production structure from construction steel production to high value added steel product targeting to lift cruse steel output more than Korea, for which the Government adopted the long term steel development plan early February, permeating the interim plan to push forward u
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Over the second week of February the HMS No.1 scrap metal composite price added two weeks straight $22 at $388.3 a long ton resulting in a hike of a total of $30 over the straight two weeks in US. By month, the price surged three months in a row beginning December last year posting a peak in 34 mont
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Japan’s largest stainless mill, Nippon Steel, moved out to raise its 300 series stainless price over the fifth consecutive month looking to address across the board the pricing strategy as well as to brace for the robust nickel price and softer foreign exchange rate against US dollar lately. Nippon
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Nucor Steel posted the black last year on the positive effect of investment in facilities, but Clevland Cliffs saw a net loss on the battered demand for auto sheet. In detail, Nucor Steel’s sale revenue was $3,249.4 million adding about 6 percent over year and sales volume headed into the outside co
