Steel&Metal News

EU Implements GO Electrical Steel Safeguard

The EU Commission stated September 18 to exert safeguard on grain oriented electrical steel preliminarily coming into effect September 25, 2026 through February 26 next year, while allocating non-tariff quotas by country based on the minimum price mechanism which is applied according to the delivere
Stainless Market is Stuck in Stalling Pricing Policies

With uncertainty continuing on the pricing policies at stainless mills domestic stainless market price remains in limbo in Korea. Further, stainless demand stalls yet though the seasonality boom started while the bookings remain unchanged from the off-season in July and August and stay offering only
Coal Shortage Hits Hot Metal Cost to Jump

The molten steel cost soared to the two years and 4 months high due to the surged coal price, adding serious cost push burden to the Korean blast furnace steel mills. The ironmaking coal price jumped 15 percent higher just in a month on the industry’s racing to seize stocks in the wake of production
China Broadens to Trim Steel Supply Nationwide

China steel industry moves out to tighten the supply condition in a bid to improve the market constraints but its effect is somewhat questionable because of the lack of mandatory curbs. In this regard, the China Iron and Steel Association unveiled September 15 the industry’s voluntary declaration to
SeAH Steel Holdings to Expect Better Profit Margins

When the oil price goes on higher ahead SeAH Steel Holdings will benefit therefrom to improve profitability, Sangsangin Securities analyst Kim Jin-bum said lately. US oil rigs and line pipe infrastructures will see higher demand in the US and consequently, SeAH Holdings can address the cost includin
Wire Rod Price Holds for Stalling Demand and Import Surges

While the market enters the seasonal boom and construction sees investment pile up as well as manufacturing sectors including semiconductor enjoys export growth domestic wire rod market remains muted to the contrary. The wire rod industry cannot address the cost push burden from high foreign exchang
Nucor Steel Hikes HR Coil Price 8 Weeks Straight

Nucor Steel raised its hot rolled coil sale prices based on the spot trading again setting at $$1,200 a short ton as of September 14 which was available at its entire factories but California Steel Industries. This accounts for a $10 week on week hike of $10 while other suppliers like CSI also prese