POSCO news and business reports.

POSCO News

POSCO Holdings chief elected worldsteel chairman
Wed, 19 Oct 2022 00:00:00 GMT
Posco Holdings chief executive Jeong-Woo Choi has been elected worldsteel chairman for one year from 18 October. Last years chairman, Sajjan Jindal, becomes vice chairman, as does Nucor chief executive Leon Topalian. Severstal chairman Alexey Mordashov has been re-elected to the executive committee, despite falling under EU sanctions earlier this year. The steelmaker is


S. Korea: Shutdowns and strikes spell trouble for steel supplies
Fri, 30 Sep 2022 00:00:00 GMT
Supply disruptions loom in Koreas steel industry as the countrys two largest steelmakers are struggling to fully operate their plants. Posco is still in the process of restoring its Pohang plant that was flooded by Typhoon Hinnamnor earlier this month, while labor unions at Hyundai Steel have been going on a series of strikes after negotiations failed. The two companies dominate over 80 percent of Koreas crude steel production. The price of hot-rolled steel stood at 1.1 million won ($773)


Ukraine: South Korea to revise FSM import duties
Wed, 27 Jul 2022 09:46:25 GMT
The Ministry of Strategy and Finances of South Korea begins the first revision of antidumping duties on the import of ferrosilicomanganese from Ukraine, as well as Vietnam and India. The duties are valid until November 29. The revision will cover the period from January 1, 2021 till December 31, 2021. The duties were imposed


China continues AD duties on electrical steel imports
Mon, 25 Jul 2022 00:00:00 GMT
The Ministry of Commerce of China has announced that it will continue to impose anti-dumping duties on imports of grain-oriented electrical steel originating in Japan, South Korea and the European Union for five years since 23 July 2022, Kallanish notes. The products involved are under HS codes 7225.11.00 and 7226.11.00. According to the official


Turkey imposes duties on HRC imports from EU, South Korea
Fri, 08 Jul 2022 00:00:00 GMT
Turkeys trade ministry has imposed antidumping duties on hot-rolled coil imports from the EU and South Korea after a year-long investigation, according to a presidential decree published July 7. Acciaierie dItalia S.P.A and all ArcelorMittal mills in the EU will be subject to a duty of 10.9%; Tata Steel Ijmuiden, 7%; Liberty Galati S.A.,


Turkish producers anticipate EU, Korea HRC anti-dumping duty
Thu, 30 Jun 2022 00:00:00 GMT
The Turkish Ministry of Commerce is expected to make an announcement next week on the imposition of an anti-dumping duty on hot rolled coil imports from the EU and South Korea,Kallanishlearns from market participants. The investigation, initiated in January 2021 following a complaint filed by the Turkish Steel Producers Association, has been completed. The


European HRC prices seek bottom
Fri, 10 Jun 2022 00:00:00 GMT
The European Commission has initiated an expiry review of its anti-subsidy measures on hot-rolled flat steel products imported from China, it said on Wednesday June 8.The definitive anti-subsidy duties were imposed on June 8, 2017, and were scheduled to expire on June 9, 2022. The Commission settled definitive anti-subsidy duties at 4.60% for Zhangjiagang


Iron ore rises through Covid doubts
Tue, 07 Jun 2022 00:00:00 GMT
Seaborne iron ore prices increased further on Monday after a week of strong gains. Steel futures have begun to wobble, but raw materials prices remain firm on hopes of Chinas re-opening. The Kallanish KORE 62% Fe index increased another $3.15/tonne on Monday to $145/dry metric tonne cfr Qingdao, the highest since late April. The


POSCO begins steel supply for hyperloop tubes
Wed, 18 May 2022 12:16:12 GMT
POSCO will supply a total of 2,100 tons of specialized hot-rolled steel for the test track of the European Hyperloop Center (EHC).The post


POSCO Begins Steel Supply for Hyperloop Tubes
Wed, 18 May 2022 12:16:12 GMT
POSCO will supply a total of 2,100 tons of specialized hot-rolled steel for the test track of the European Hyperloop Center (EHC).The post


Changed Thailand Due to COVID-19 and Our Hope
Tue, 26 Apr 2022 00:00:00 GMT
POSCO-TCS practices a variety of corporate citizen activities, hoping that the steel market condition and the entire economy


FirstFT: US agrees to ramp up gas exports to EU
Thu, 24 Mar 2022 00:00:00 GMT
Severstal Press Release - Plus, North Korea fires monster missile and New York City cabs agree deal with Ube



Number of POSCO company news reports: 12
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