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STS industry, under increasing pressure on sales and profits
The stainless steel(STS) industry seems to be under increasing pressure on sales and profits. Against this backdrop, the STS industry is working on response m
2020-03-25 11:44
European STS makers, minimizing the impact of Covid-19
Despite the spread of the Covid-19 virus, it is said that the major stainless steel(STS) producers in Europe are still in a normal operation mode.Outokumpu, t
2020-03-23 09:15
Concerns growing among import distributors due to FX rate
Concerns are growing among import distributors over the recent surge in the won/dollar exchange rate. "The recent appreciation of dollar is causing a huge los
2020-03-20 22:17
Issue Italian STS producers, partially shut down
While the spread of the Covid-19 virus in the EU region is increasing rapidly, the number of confirmed cases in Italy has already exceeded 30,000. In Italy, manufacturing and other industrial facilities are concentra
2020-03-19 14:46
Domestic car production and sales fell 20% YoY in Feb
In February, domestic car production and sales fell sharply from the same month last year.A total of 189,235 cars were produced in the country in the first two months of this year, plunging 26.4% from a year earlier,
2020-03-17 13:39
[Covid-19] German buyers began to stock up on steel inventories
German buyers began to stock up on their inventories as logistics problems emerged due to the Covid-19 outbreak. German buyers, who expected a setback in the
2020-03-14 10:01
Steelmakers, rejected consumer electronics´ demand for a price cut
South Korean consumer electronics companies are demanding steelmakers to lower the price of their supplies. This time, color steel plates are the targets. Two
2020-03-09 15:14
Steelmakers, suffering from supply shortage of Saengcheol
There seems to be a change in supply and demand of Saengcheol. Consumption has increased, but supply has declined, with the number of steelmakers having diffi
2020-03-02 10:51
Rebar price hike in March...likely to be difficult
Attention is on the lowest closing price of rebars in March. Initially, steelmakers decided to increase the lowest closing price to KRW650,000. A price increa
2020-02-28 10:51
Will Chinese steel plate imports decrease?
Interest is growing as to whether imports of Chinese steel plates will decrease compared to last year.Last year, Chinese imports occupied 49.9% of the total i
2020-02-27 16:19
STS HR imports, back to 40,000 range in nine months
Stainless steel(STS) hot-rolled(HR) imports have returned to the 40,000 ton range for the first time in nine months. In May last year, monthly imports of STS
2020-02-25 09:21
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
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
Billet, emerging as a new variable in the S.Korean scrap market
Billet is emerging as a new variable in the South Korean steel scrap market. Domestic EAF mills have been reducing production since the second half of last ye
2020-02-13 13:01
Focus Impact of Wuhan Coronavirus on S.Korean STS industry
Concerns over the negative impact of the Wuhan Coronavirus on the economy are lingering as more people die and have been infected by the virus. South Korean s
2020-02-10 14:28
 
 
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MOST VIEWED >
1 [3-4 KSSP] Declined both in the Seoul metropolitan area and in Yeongnam
2 Customs clearance of H-beamsm surpassed 20,000 tons in Mar
3 Scrap imports declined for two consecutive months
4 Sales· production of wire rope plunged in Feb
5 Osung Steel´s operating profit, 0.7%↓YoY in 2019
6 Hyundai Steel, to repair CR plant in Suncheon until Apr, 20
7 STS CR export in Feb, remained at 40,000 tons
 
Interview
Steel industry in 2019 – Kim Young-joong, senior vice president of marketing strategy at POSCO
Korea Steel Scrap Price News >
[3-4 KSSP] Declined both in the Seoul metropolitan area
[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
 
Latest News >
Sales· production of wire rope plunged in Feb
Scrap imports declined for two consecutive months
STS CR export in Feb, remained at 40,000 tons
Hyundai Steel, to repair CR plant in Suncheon until Apr,
Osung Steel´s operating profit, 0.7%↓YoY in 2019
 
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