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As per S&M Media’s survey on the 6 major wire rod producers consisting of Kiswire, Manho Steel, Dongil Steel, DSR Steel, Youngheung and Chungwoo Steel combining, the March wire rod in hard steel form totaled 31,921 tons, adding 17.0 percent larger than the February 27,281 tons. This was however down
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According to the American Iron and Steel Institute(AISI), the US imports of steel plunged 34.7 percent during first quarter this year over year reaching 4.63 million metric tons around, of which finished imports pulled back 35 percent to 3.39 million tons. The falling pace was far larger versus the
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POSCO Holdings presented to charter the direction ahead in focus on the profitability and cost response with respect to its key challenging issues including the India Joint Venture, lithium project and electric arc furnace commissioning. The following is the answer to the questions: Q. What will dom
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POSCO is determined to freeze its stainless price heading domestic distributors over the May delivery, increasingly taking the same position as in April. POSCO Holdings notified April 30 of its stainless pricing policy to hold on for May heading into domestic distribution channels. However, the stan
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In the first quarter, Korea’s refined copper products consisted of copper flat, copper foil, copper bar, copper wire and copper pipe showed their exports down but imports soared on the contrary, with the exports totaling 62,018 tons which dropped 3.1 percent year on year and imports surged 11.1 perc
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Korea’s rebar domestic price guidelines suspended in 3 months, freezing at the base price of 949,000 won a ton on the 10mm SD400 model over the May shipment, industry sources delivered. The standstill comes in 3 months after two months increase streak since this March. This has the backdrop that the
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POSCO Kwangayng Works enters hot testing(high temperature testing operation) around late May, starting to count down to its commercial operation indeed. According to steel industry sources, POSCO Holdings is reportedly determined to internally begin the testing schedule for its electric arc furnace