It’s reported that Korean steel giant Posco planned to build a steel pipe joint venture in Japan in next January, aiming to supply to the Japanese automotive industry. It’s learned that the Japanese enterprises including ...
Tags: steel pipe, steel giant, steel
It’s reported that the major steelmakers in Korean announced to raise the prices of hot rolled coils (HRC) before the lunar calendar New Year holiday. It’s learned that Posco announced to increase its HRC prices by KRW200, ...
Tags: steelmakers, HRC prices, steel
Reportedly, Korea’s Posco announced that the company has expected to build new two coil centers in central Mexico in order to meet the strong demand of automobile industry. The new company name form as Posco-MPPC which is in Celaya ...
Tags: Posco, Autosheet Coil Centers, Mexico
The US-based steel industry analysis firm, World Steel Dynamics rated Korean Posco as the world’s most competitive steelmaker for 2013 in a survey of 34 world-class steelmakers, making it on top of the list for the fourth consecutive ...
Tags: steelmaker, steel industry, steel
It is reported that the mining giant Vale is going to decrease the investment on the its 50% stake in Brazil's Companhia Siderúrgica do Pecém steel plant, a joint venture between Vale, the largest Brazilian supplier of iron ...
Tags: Vale, mining giant, Brazil
Vale’s CFO, Luciano Siani, said in a meeting this week that his company is planning to reduce its 50% share of the undergoing steel plant project Companhia Siderurgica do Pecem (CSP). He said his company is excited about the new ...
Brazilian miner Vale plans to reduce its 50 percent shareholding in Companhia Siderúrgica do Pecém (CSP), a slab making joint venture with South Korean steelmakers POSCO (20 percent) and Dongkuk (30 percent), according to ...
Tags: steelmakers, miner, Vale
It’s reported that Korean steel giant Posco announced to remain its list prices for austenitic and ferritic stainless hot rolled and cold rolled coils for February as nickel prices have kept stable over the past month but the prices ...
Tags: Posco, stainless, rolled coils
It’s reported that the Korean steel giant Posco announced that its net profits slumped by 45% year on year to KRW561 billion in the fourth quarter of 2012. In the fourth quarter of 2012, Posco realized sales revenues of KRW15.06 ...
South Korean steelmaker Pohang Iron and Steel Co. (POSCO) has announced that in the fourth quarter of 2012 its net profit decreased by 45 percent to KRW 561 billion ($518 million), compared to the same quarter of the previous year. The ...
Tags: steelmaker, net profit, steel industry
Because the demand for steel sheet for the automobile industry kept increasing in Central Northern America, Posco decided to build a new processing center in Mexico for the automobile industry. The new processing center is closed to ...
Tags: steel sheet, processing center, Mexico, automobile industry
Korean domestic home appliance producers, including Samsung and LG asked the cold rolled sheet makers to cut the price as much as possible. Every quarter, the producers of household appliance requested the mills to cut the ...
Tags: home appliance, Samsung, LG
South Korea-based tier-two LED lighting firms Kumho Electric and Posco LED saw 2012 revenues grow 121% and 184% respectively on year. The firms' 2013 revenues are forecast to show on-year growth of 42% and 150%, reaching KRW123.3 billion ...
Tags: South Korea, LED lighting, Kumho Electric, Posco LED, 2012
It’s reported that Posco has announced to increase the prices for cold rolled coils (CRC) for China by US$10~US$20/ton during January-February for 2013. Currently, the Chinese steel market is expected to pick up and it has been ...
Tags: Posco, cold rolled coils, metal industry
It is reported major Asian mills are expanding steel production in large extent across Asia in 2013 which might result in severe oversupply in the face of increased raw material cost and weak market prices. It is said that in Southeast ...
Tags: Asian Steel Mills, Steel