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POSCO Holdings moves out to additionally increase its scrap bidding terms adjusting higher by 15,000 won on raw scrap and 10,000 won on heavy melting, shredded and shelved scrap at its two steel works based in Pohang and Kwangyang. This additional hike comes in a week, following the 15,000 won hike
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Domestic stainless hot coil exports and imports showed the opposition with each other in the direction ahead amid the continuing volatilities of raw material price and mounting uncertainty globally. According to Kore iron and Steel Association, the first quarter this year was a total of 126,018 tons
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The iron ore price climbed slightly halting weakness lasted a matter of weeks. According to Korea Trade and Industry Ministry, the iron ore price was traded at $107.81 a ton on average in the fourth week of April on the 61% Fe cost & freight North China spot basis. This accounts for a $1.65 a ton hi
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Korea’s oil country tublar goods exports turned out to add in the first quarter seeing a 7.6 percent year on year climb to 102,431 tons from 95,201 tons a year ago. The industry achieved the export improvement despite import restraint measures in the main export markets including the US and Canada,
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Korea’s ferro alloy import has been up these 3 years seeing the first quarter imports adding too as low value strategy targeted Korea from newly emerging economies in particular. This contributed to discouraging domestic industry which tried to recover production in certain consuming industries like
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In Korea flat product is having a strong tailwind in price on the rising shortage fear. For example, plate market sees the price aligning streak lately, and domestic consumers are busy searching for any quantities that are available on the market. According to industry sources, the plate domestic pr
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Dongkuk Steel Group of Korea achieved to advance the first quarter outcome through focusing on the export extension and high value added steel strategy, strongly pointing to the positive signal to recover the profitability in case where antidumping order comes into effect ahead. Dongkuk Steel Group
