POSCO news and business reports.

POSCO News

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


China urges some iron ore traders to reduce inventory
Fri, 18 Feb 2022 00:00:00 GMT
Chinas state planner has told some iron ore traders to release excessive inventory and reduce stocks to reasonable levels, following a joint investigation with the market regulator in Qingdao, one of the countrys biggest iron ore ports. The National Development and Reform Commission (NDRC) said in a statement on Thursday that it and the State Administration of Market Regulation (SAMR) have learned of changes of iron ore inventory in Qingdao Port and retrieved a list of companies with rapid


Steelmaker POSCOs 2021 profit jumps on strong demand
Sat, 29 Jan 2022 00:00:00 GMT
South Korean steelmaker POSCOs operating profit more than tripled to a record 9.2 trillion won ($7.62 billion), boosted by strong demand and higher prices of the construction raw material. Global crude steel production rose 3.7per cent last year to 1.95 billion tonnes, World Steel Association data showed this month, despite an energy crunch that led to weaker output in top producer China. POSCOs consolidated operating margins in 2021 were 12.1per cent, up from 4.2per cent in 2020. The


Japan steel industry says EU extension of anti-dumping measures ...
Wed, 19 Jan 2022 00:00:00 GMT
The head of Japans main steel industry lobby said on Tuesday the European Unions decision to extend anti-dumping measures on electrical steel from Japan was inappropriate and it would consider taking action. On Monday, the EU extended setting minimum prices for electrical steel from Japan, China, Russia, South Korea and the United States for five years on the basis that producers would otherwise dump it on the EU market. The Japanese steel industry will carefully study this decision and


Eurofer welcomes extension of antidumping measures on G-O sheet
Wed, 19 Jan 2022 00:00:00 GMT
European steel producer association Eurofer said Jan. 18 that it welcomes the extension of European anti-dumping measures for a further five years on imports of grain-oriented flat-rolled products of silicon-electrical steel from China, Japan, South Korea, Russia and the US. Grain oriented electrical steel, or GOES, is a highly specialized steel product manufactured by


Centre not to impose anti-dumping duty on certain steel products
Tue, 11 Jan 2022 00:00:00 GMT
The government has decided not to impose anti-dumping duty on certain steel products being imported from countries like China, Japan, and Korea, as the finance ministry has not accepted the recommendations of the directorate general of trade remedies (DGTR). The commerce ministrys investigation arm DGTR had conducted a probe against imports of Cold Rolled/cold reduced flat steel products of iron or Non-Alloy Steel, or other Alloy Steel of all width and thickness not clad, plated or


Korean steel stocks likely to fare better in 2022
Wed, 29 Dec 2021 00:00:00 GMT
South Korean bellwether steel stocks ending the year with a mediocre growth amid sluggish demand is expected to fare better in 2022 as they expect to benefit from new businesses and steel price hike. The countrys largest steel maker Posco has seen a mere 3.49 percent gain in its stock while its smaller peer Hyundai Steel grew 5.93 percent this year. Their shares once surged by 50 percent but lost momentum due to the weak demand. Amid the rising uncertainties, institutional investors net


Iron ore marches on as output hikes
Wed, 22 Dec 2021 00:00:00 GMT
Seaborne iron ore prices have again charged higher on an expected recovery in steel output this month and in the first and second quarters next year. Early December output is already increasing, as predicted byKallanishsown data. The Kallanish KORE 62% Fe index increased $3.47/t to $119.37/dry metric tonne cfr Qingdao. The Kallanish KORE 65%


CME Group to Launch Two China Portside Iron Ore Futures Contracts ...
Fri, 10 Dec 2021 00:00:00 GMT
CME Group, the worlds leading and most diverse derivatives marketplace, today announced that it will launch two new China portside iron ore futures contracts on January 10, 2022, pending all relevant regulatory reviews. These contracts will be financially-settled based on assessments for portside prices published by Argus Media. The Iron Ore China Portside Fines CNH fot Qingdao (Argus) futures contract will settle to the Argus PCX 62% Fe Portside Iron Ore Index and is quoted in CNH per wet


Hydrogen steel is hailed as next big thing. Heres whats ...
Wed, 10 Nov 2021 00:00:00 GMT
Steel emits less carbon than diapers per ton of production. Due to its staggering size of production, however, steel is responsible for roughly 8 percent of the worlds carbon emissions and has been blamed as the main polluter driving up the planets temperature. Posco, the South Korean steelmaker, was the countrys greatest emitter of carbon last year. It discharged more carbon than it should and even accrued debt worth 78.6 billion won ($66.4 million) for failing to meet the cap. Sensing


Steelmaker POSCO Reports Highest-Ever Quarterly Profit In 3Q
Tue, 26 Oct 2021 00:00:00 GMT
South Korean steelmaker POSCO reported its highest-ever quarterly operating profit in the third quarter, as a surge in steel prices was fanned by reduced supply from China. POSCO, the worlds sixth-largest steelmaker, said on Monday its consolidated operating profit for the July-September quarter was 3.1 trillion won ($2.63 billion), matching its forecast earlier this month. It reported 667 billion won in operating profit a year earlier. Source: Reuters



Number of POSCO company news reports: 12
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