According to data released by the Korea Iron & Steel Association (KOSA), Korea’s output of heavy plates totaled 671,000 tons in March, decreasing by 4% month on month and slumping by 31% year on year. In the first quarter of this ...
Tags: Plate Production, Steel
India’s federal government is to make decision of giving Posco preferential access to an iron ore mine for the US$12-billion steel project in the country. It the decision was made positively, the troubled project would have a boost. ...
Tags: Mining License, Mining
After the holiday in early May, Japanese producers of austenitic stainless steel sheet began to collect the price information from the Asian customers immediately. Posco kept the austenitic stainless steel price flat for May and lifted the ...
Posco's new No.3 Finex iron making plant at its Pohang works is set to start the major test operations for its output and intends to formally commission in December as per its revised schedule. In mid-April, the company set up electric ...
Tags: PoscoFinex Plant
It’s reported that Korean Posco Specialty Steel (Posco SS) announced to cut its domestic prices for austenitic stainless steel wire rods and bars by KRW200,000/ton and KRW100,000/ton respectively for May in order to reflect lower ...
It is reported that Korean steelmaker giant Posco planned to start its wire rod operation at its Pohang works, north of Busan by the end of May this year. The new plant has designed an annual wire rod production capacity of 700,000 tons ...
Tags: Posco, Wire Rod Plant
According to report made by Posco Research Institute (Posri), Korea’s demand for heavy plates would fall to 8.27 million tons in 2015, a drop of 8% every year. Posri said that Korea’s domestic demand for heavy plates would ...
Tags: Heavy Plate, Mineral
The Korean steel giant Posco announced to raise its list prices for ferritic stainless hot rolled coils (HRC) and cold rolled coils (CRC) by KWR100,000/ton respectively for May in order to reflect higher ferrochrome prices. Meanwhile, the ...
Tags: Posco, Ferritic Stainless Coils
Russian mining and steel group Mechel has announced the signing a three-year contract with South Korean steel producer POSCO for supply of coking coal. The agreement, signed on April 30, stipulates that Mechel Carbon (Singapore) will ...
Tags: Mechel Inks, Coking Coal Supply
Kim Jae-Yeol, the Senior Vice President of the Korean steel giant Posco planned to raise its auto-sheet sales this year by increasing exports to customers in emerging countries such as India and China, aiming to offset the forecasted drop ...
Tags: Posco Targets, Auto Sheet Sales
It is reported that Korean steelmaker giant Posco planned to start trial production next month at its stainless steel cold rolling (CR) mill in Kocaeli, Turkey. Meanwhile, Posco Assan TST is owned 60% by Posco, 10% by Posco’s trading ...
It is reported that Korean Posco announced to set up a new coil service center in India's northern state of Haryana. The new coil center will be able to meet the demand for car makers such as Maruti Suzuki India and Tata Motors. Meanwhile, ...
Tags: steel, Metallurgy, Mineral, Energy
It's reported that Korean steel giant Posco has completed the first phase of its high-grade galvanized steel sheet projects in Shunde in the southern Chinese province of Guangdong. The investment for the overall project is expected to hit ...
Tags: steel Sheet, Metallurgy, Mineral, Energy
Construction work has been completed on the first phase of South Korean steel producer POSCO's high-grade galvanized sheet project in Shunde in the southern Chinese province of Guangdong, according to local media sources in Guangdong. ...
Tags: POSCO, Galvanized Sheet Project
Posco is planning to cooperate with Indian cold roller and galvanizer Uttam Galva Steels Ltd (UGSL) to set a joint venture. Under the joint venture, they will cooperate to build an annual 3 million tons integrated steelworks in Maharashtra ...
Tags: Metallurgy, Mineral, Energy, steel