The US ferrous scrap import market was quiet in East Asia during the week, regional traders said Thursday. Importing mills were staying away because they believed US scrap prices were likely to soften after iron ore broke the $100/dry mt ...
Tags: Steel Mills, Bulk Scrap
Austria-based plantmaker Siemens Metals Technologies has announced that it has received an order from South Korean steelmaker Hyundai Steel for a continuous bloom casting machine, a large bar rolling mill and a small bar and wire rod mill ...
According to statistics released by the Korea Iron & Steel Association, the country’s output of hot rolled coils (HRC) totaled 2.96 million tons, up by 0.1% from a month ago and soaring by 13% year on year. It’s analyzed that ...
Tags: Korea Iron&Steel Association, output, hot rolled coils, rise
It is reported that Korea iron and steel enterprises planned to expand capacity and growth in end-user industries such as the automobile industry and raw materials demand in 2014.Therefore, the country expected both domestic demand and ...
Tags: steel, metallurgy
International credit rating agency Moody's has confirmed South Korea-based Hyundai Steel Co Ltd's Baa3 rating with a negative outlook. Moody's stated that the rating confirmation primarily reflects the positive impact that the merger ...
Tags: steel, metallurgy
Shin Hyon-yook, team leader from Posco’s marketing strategy department said that Korea’s production of hot rolled coils (HRC) would rise by 6% year on year to 2 million tons in 2014, driven by increased production capacity by ...
Tags: HRC, metallurgy
According to data released by the Korea Iron & Steel Association (Kosa), the country’s exports of hot rolled coils (HRC) totaled 417,800 tons in November, soaring by 23% year on year. It’s analyzed that the surge in HRC ...
Tags: steel, metallurgy, HRC
According to report, Korean flat steelmaker Dongbu Steel said it would cut its hot rolled coil (HRC) output in December to lower down the stocks before the year end. The company said it would cut about 20,000 tons during the month. The main ...
Tags: steel, output, metallurgy
According to data released by the Korean Iron and Steel Association (Kosa), the country’s hot rolled coil output totaled 2.99 million tons in October, rising by 12% from a month ago and up by 5% year on year. I ndustry sources ...
Tags: steel, metallurgy
It’s reported that the Korean steelmaker Hyundai Steel planned to purchase 1 million tons of hot rolled coils (HRC) in 2014, including 300,000 tons from Japan. It’s estimated that Hyundai Steel might purchase 500,000 tons of ...
Tags: steel, metallurgy
The Korean steelmaker Hyundai Steel announced to hike its export prices for H-beams and other steel long products by US$20~US$30/ton last week, driven by higher electricity charges. Besides, it’s predicted that the other mills might ...
Tags: steel, Construction
Reportedly, the Korean steelmaker Hyundai Steel planned to raise its export price for H-beam and other steel long products by US$20~US$30/ton for December shipments. Hyundai Steel has set export prices for December sales of based-sized ...
Tags: Hyundai Steel, H-Beam Export
It’s reported that Korean domestic hot rolled coil (HRC) producers’ sales volumes increased substantially in October. The three major HRC producers Posco, Hyundai Steel and Dongkuk Steel sold 1.455 million tons of HRC in ...
According to data released by the Korea Iron & Steel Association (KOSA), the country’s heavy plate output totaled 726,000 tons in September, up by 16% from a month ago. In January-September period, the country’s heavy plate ...
Tags: Steel Plate Production, Mineral
According to statistics released by the Korea Iron & Steel Association (KOSA), the country’s H beam output totaled 208,540 tons in September, decreasing by 11% from a month ago and hitting the lowest of this year. KOSA said that the ...
Tags: H-Beam Production, Mineral