POSCO news and business reports.

POSCO News

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


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



Number of POSCO company news reports: 11
Subscribers get access to full set of news releases (up to 20 reports).
Click here to subscribe.