POSCO news and business reports.

POSCO News

Tokyo Steel keeps product prices steady in Dec for 5th month
Tue, 21 Nov 2023 00:00:00 GMT
Tokyo Steel Manufacturing Co Ltd, Japans top electric-arc furnace steelmaker, said on Monday it will hold steel product prices steady in December to reflect lacklustre demand in the construction and manufacturing sectors at home. This is the fifth month the company will keep prices unchanged for all of its steel products, including its main H-shaped beams. Tokyo Steels pricing is closely watched by Asian rivals such as South Koreas Posco and Hyundai Steel , and Chinas Baoshan Iron &


Mexico steel import levy targets economic reactivation
Wed, 23 Aug 2023 00:00:00 GMT
Steel traders told MEPS International they had been shocked by the addition of 25 percent tariffs on certain products entering Mexico. The Federal Government increased levies on steel products from 15 to 25 percent as it made changes to 392 tariff items from a variety of sectors ranging from steel and aluminium to soap, paper and ceramic products in an announcement last week. The increased levies will be applied to countries without a trade agreement with Mexico, with South Korea


EU HRC prices stable, number of offers limited
Thu, 03 Aug 2023 00:00:00 GMT
Domestic prices for hot-rolled coil in Europe remained unchanged Aug. 2 on a seasonal market slowdown. The number of domestic and overseas offers has been limited as European mills have been largely inactive because of scheduled maintenance or full order books. And safeguard quotas for other countries and South Korean origin have been almost


Think Tank Suggests Korean Steel Industry Use Hydrogen Reduction ...
Sat, 15 Jul 2023 00:00:00 GMT
POSCO displays a model of hydrogen reduction ironmaking at its booth at the 2023 World Climate Industry EXPO at BEXCO in Busan on May 25. Koreas steel industry will need to produce more than 10 million tons of steel through a hydrogen reduction ironmaking method by 2040 at the latest if it wants to meet its greenhouse gas reduction target of limiting a global temperature rise to 1.5 degrees C or less, a study has found. Nonprofit think tank Next released the report Carbon Neutralization


Fives to supply tube production line to Husteel's Texas facility
Fri, 14 Jul 2023 11:24:00 GMT
Fives has signed a contract with welded tube and pipe manufacturer Husteel, part of South Koreas Shinan Group, to design and supply a system to manufacture oil country tubular


Domestic Steel Scrap Prices Plummeted In April
Wed, 17 May 2023 00:00:00 GMT
The domestic steel scrap prices plummeted in April. As of April 30, the steel scrap prices in Zhangjiagang stood at 2,510 yuan/mt, down 300 yuan/mt from the end of March. The slump in domestic steel scrap prices was mainly due to three factors: 1.The performance of steel demand was not as good as expected. After experiencing a mild recovery in March, orders from downstream industries weakened in April. 2.Steel supply peaked. In early-to-mid April, the domestic steel supply reached its peak.


POSCO’s new steel learning cartoon: An intriguing inquiry ...
Thu, 06 Apr 2023 14:40:49 GMT
With Hanna and Howie, let's find out when steel was introduced into our lives and how its application has evolved.The post POSCO’s


Korean Steel Products Expected to Benefit from Production Cut ...
Sat, 25 Mar 2023 00:00:00 GMT
Experts say that China will continue to curb steel production again this year as it did last year. Accordingly, attention is focusing on whether Korean steel makers price negotiation power will increase as the amount of low-priced Chinese steel products will be reduced. According to foreign media outlets and industry sources on March 23, it is known that China will continue to cut down on its annual crude steel production this year as it controls carbon emissions from industries which


China to look at measures to curb unreasonable iron ore prices
Mon, 20 Mar 2023 00:00:00 GMT
Chinas state planner said on Friday it will look at measures to curb unreasonable iron ore prices, the latest in a series of warnings to the market to try to cool surging prices. The price monitoring centre of Chinas National Development and Reform Commission (NDRC)recently visited Qingdao port in eastern China and Tangshan port in northern China to investigate port inventories of iron ore, storage fees and the market and price situation, it said in a notice on its official Wechat


Uzbekistan: NGMK to produce copper foil
Tue, 21 Feb 2023 10:45:17 GMT
In February, the Navoi Mining and Processing Works' group of specialists visited South Korea to get to know the activities of major manufacturing and hi-tech companies. In particular, the specialists have visited PNT INC, which is producing machinery to manufacture copper foil. Following negotiations, a memorandum of cooperation in manufacture of copper foil at



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