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Steel plate makers and shipbuilders, unlikely to reach a deal on price
In the first half of this year, negotiations between local steel plate makers and shipbuilders on the price of steel plates for shipbuilding appear to have ra
2020-04-17 08:27
POSCO, to freeze STS price in Apr
POSCO decided to freeze the price of stainless steel(STS) in April. POSCO explained that the price of LME nickel was weak in the low-to-mid-USD1,000 range, bu
2020-04-13 08:05
POSCO, declared to suspend scrap purchases
POSCO has declared a halt to the purchase of scraps. POSCO notified designated suppliers on the 9th that it will stop purchasing all-grade of scraps starting
2020-04-10 11:04
Despite a record high roll margin, steelmakers profits ´below expectation´
As prices of steel scraps fell and prices of rebars rose, steelmakers’ rebar roll margin widened to the highest ever. This week, southern steelmakers’ purch
2020-04-08 13:45
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
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1 Japanese HR imports, growing sharply
2 Construction companies, complaining about lack of rebar inventory
3 Japanese suppliers´ scrap offer prices, continue increasing
4 Scrap distributors, ´Scrap prices, the cheapest now...´
Steel industry in 2019 – Kim Young-joong, senior vice president of marketing strategy at POSCO
Korea Steel Scrap Price News >
[4-3 KSSP] KSSP fell led by the decline in the price of
[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
Latest News >
Japanese HR imports, growing sharply
Japanese suppliers´ scrap offer prices, continue increa
Construction companies, complaining about lack of rebar
Low-priced steel plate imports, likely to expand further
H-beam imports, surging in Apr

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