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Nominal consumption of special steel bars declined for three consecutive years
Nominal consumption of special steel bars declined last year. Imports of special steel bars (including STS bar) increased last year, but the nominal consumpti
2020-02-25 09:12
Rebar · scrap spread fell 10% YoY despite a surge this year
The spread between the prices of steel rebars and steel scraps surged this year, but it was found to be insufficient compared to last year.The purchase price
2020-02-25 07:42
Steel plates exports decreased slightly, while imports fell sharply in Jan
Exports of steel plates decreased slightly, while imports fell sharply in January.According to recent data compiled by the KOREA IRON & STEEL ASSOCIATION, ste
2020-02-24 16:17
Both exports and imports of steel products declined in Jan
In the first month of this year, both exports and imports of overall steel products fell both on a MoM and YoY basis.According to a recent survey compiled by
2020-02-24 10:39
Focus S.Korean HR market, to be impacted by the COVID-19 virus
The South Korean hot-rolled(HR) export and import market is unlikely to be free from the impact of the COVID-19 virus . Officials in the HR industry pointed o
2020-02-22 15:21
[2-3 KSSP] Scrap prices fell for the fifth week
KSSP (Korea Steel Scrap Price) fell for the fifth week. This week, the KSSP fell sharply in both in the Seoul metropolitan area and in the Gyeongsang region,
2020-02-22 09:13
S.Korean section industry, considering a further price hike
The section industry is considering a further price increase. H-beam makers are said to be considering a price hike to over KRW850,000, while general section
2020-02-21 16:15
Hyundai-Kia Motors restarted production at their auto plants in China
Hyundai Motors and Kia Motors restarted production at their auto plants in China, which had been forced to shut down due to the coronavirus outbreak.According
2020-02-21 13:11
GI export dropped, but import recovered in Jan
Export and export galvanized steel sheet(GI) showed a mixed picture in the first month of the new year. Export declined, while import increased. This is the s
2020-02-21 09:30
Focus EAF mills, to lower standards for proper scrap inventory
EAF mills are lowering their standards for proper scrap inventory. "We have decided to reduce our inventory by 20%," said an official at an EAF mill in the Se
2020-02-20 09:56
STS import-export market, huge gap between makers and consumers
The gap between the bid price and the offer price is widening in the stainless steel(STS) market. The bid price for 304 hot-rolled(HR) coil is estimated to be
2020-02-19 18:11
POSCO International, to supply car parts to Volkswagen with S&S
POSCO International said on Feb.19 that it has started selling indexing wheels to Volkswagen in Germany with S&S, (chairman Yang Joo-hyun and CEO Yang Joon-ho), a Korean auto parts maker. The contracted volume is abo
2020-02-19 13:11
HR prices, likely to change in April
Concerns have been raised that the price of hot-rolledHR) may face a huge change in April when POSCO`s fourth hot-rolled(HR) mill resumes operation after stre
2020-02-19 13:11
Sales by three S.Korean steel plate makers plunged in Jan
Sales by three South Korean steel plate makers plunged in January from a year earlier in January.According to a recent survey conducted by SteelDaily on sales
2020-02-19 11:46
Scrap inventories, remained unchanged from the previous week
Scrap inventories in the South Korean market appears to be bottoming out. EAF mills´ inventories only slightly increased despite continued price cuts.As of F
2020-02-18 11:44
 
 
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MOST VIEWED >
1 Both exports and imports of steel products declined in Jan
2 S.Korean HR market, to be impacted by the COVID-19 virus
3 Steel plates exports decreased slightly, while imports fell sharply in Jan
4 Nominal consumption of special steel bars declined for three consecutive years
5 [2-3 KSSP] Scrap prices fell for the fifth week
6 Rebar · scrap spread fell 10% YoY despite a surge this year
7  
 
Interview
Steel industry in 2019 – Kim Young-joong, senior vice president of marketing strategy at POSCO
Korea Steel Scrap Price News >
[2-3 KSSP] Scrap prices fell for the fifth week
[1-5 KSSP] KSSP weak in the metropliotan area · flat in
[1-1 KSSP] Scrap prices remained flat for 2 weeks
[12-4 KSSP] Flat in the Seoul metropolitan area, decline
 
Latest News >
Nominal consumption of special steel bars declined for t
Rebar · scrap spread fell 10% YoY despite a surge this
Steel plates exports decreased slightly, while imports f
Both exports and imports of steel products declined in J
[2-3 KSSP] Scrap prices fell for the fifth week
 
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