Reportedly, the Korean blast furnace (BF) mills’ prices fell slightly in the second quarter of this year. It’s learned that Posco and Hyundai Steel’s domestic selling prices of hot rolled coils (HRC) averaged at ...
Tags: HRC Prices, Mineral
It’s reported that Korea’s Posco Specialty Steel (Posco SS) announced to remain its domestic prices for austenitic stainless wire rods and bars unchanged for August. Also, it will keep its domestic prices for ferritic ...
Tags: Stainless Rods, Stainless Bars
According to statistics released by the Turkish Statistical Institute (TUIK), Turkey’s imports of stainless coils totaled 41,936 tons in June, decreasing by 14% from a month ago. The country’s import values generated by ...
Tags: Stainless Coil, Mineral
According to report made by the Posco Research Institute (Posri), Korea’s domestic demand for finished steel products will rise slightly by 1.5% year on year to 26.48 million tons in the second half of this year. Posri indicated ...
Tags: Domestic Steel Demand
It’s reported that Korean steel giant Posco announced to cut its list prices for austenitic stainless steel coil by KRW400,000/ton for August. Also, this is the first price cut for stainless coils made by the Korean steel giant ...
Tags: Posco, Stainless Coil
Korean steel giant Posco has inaugurated its No.4 stainless steel plant in Pohang on this Monday. The new stainless plant with designed capacity of 700,000 tons per year will mainly produce ferritic stainless steel. It’s ...
Tags: Posco, Stainless Plant
It’s reported that Korean steel giant Posco has inked a memorandum of understanding (MoU) with the Cameroon government to develop steel industry jointly. Cameroon owns 5 billion tons of iron ore deposits and is ideally to supply ...
Tags: Cameroon, Steel Industry
Reportedly, Korean Posco, the world’s fifth-largest steelmaker by output posts a KRW240.5 billion (US$215.5 million) of net profit for the second quarter of this year, citing the strong competition from China lured customers with ...
It's reported that Ukraine and China had launched the price war for the general use hot rolled plates with the prices reducing by US$60~US$70/ton in the past two months from the level of US$600/ton CFR for a time. The over production and ...
Tags: Steel, Construction
Korean steel giant Posco said that it has initiated steel powder plant project in Gwangyang. The steel powder plant is expected to help reduce the country’s heavy rely on imports once the facility is put into ...
Tags: Mineral, Steel Powder Plant
Korean steel giant Posco has given up to build a 6 million tons per year integrated steel mill in the south India and the company already stopped any work of this project. Posco mentioned delays in gaining approvals to mine and persisting ...
On July 8th, the list of 2013 Fortune Global 500 Companies was released. Baosteel was ranked No. 222 with operating revenue of 45,682.7million USD and net profits of 918.8million USD. It had been consecutively ten years that Baosteel was ...
Tags: Metallurgy, Mineral, Energy, steel
It's reported that Korean steel giant Posco is considering to draw out a US$5.3 billion steel mill project in India's Karnataka state. Posco is trying to expand in oversea and signed a preliminary agreement with the state in 2010. However, ...
Tags: Steel Mill, Construction
Turkey-based Posco Assan TST, a stainless producing joint venture built by Korean steel giant Posco and Turkey's Assan Celik announced that it has made the first shipment of 1.5 mm stainless coils in July 14th. It's known that Posco Assan ...
It's reported that Korean steel giant Posco has announced to cancel its INR 32,000 crore integrated steel plant project in Karnataka due to protract delay in acquisition of land and no potential market favor at current position. Meanwhile, ...
Tags: Construction, Packaging