South Korea

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South Korea n petrochemical producer YNCC has shut its 285,000 t/yr Yosu-based styrene monomer (SM) unit today after off-specification styrene was produced. The polymers content was higher than usual.
News ID: 5612    Publish Date : 2019/07/30

South Korea ’s steel major - POSCO announced its Q2CY19 results today. The major findings from the quarterly report are as follows:
News ID: 5479    Publish Date : 2019/07/25

South Korea billet exports in Q2CY’19- South Korea ’s billet exports remained stable on quarterly basis at 0.1 MnT since last two quarters in CY19.
News ID: 5351    Publish Date : 2019/07/20

South Korea n based Hyundai Steel, in its Dangjin steel Mill can operate its blast furnace No 2 normally until the administrative authority comes out with probable alternatives to prevent fire or an explosion, as per Steel Daily.
News ID: 5241    Publish Date : 2019/07/17

Two of South Korea 's biggest conglomerates are joining forces to build new C4 fractionation and bisphenol A (BPA) chain plants on the country's southern coast.
News ID: 5197    Publish Date : 2019/07/15

As per new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has again lowered the domestic H2 scrap purchase price by JPY 1000/MT (USD 9) at Kyushu works in western region, and by JPY 500/MT for its other 4 works, amid very weak sentiments in the domestic market. The new prices for all grades shall be effective from tomorrow (21st Jun'19).
News ID: 4888    Publish Date : 2019/06/24

Indian Finish long steel imports increased by around 36.5% M-o-M in May’19, as per recent released custom data maintained by SteelMint.
News ID: 4885    Publish Date : 2019/06/24

Ferro Chrome prices have hit the bottom amid low demand in the domestic and global market as well. Prices for Ferro Chrome are falling aggressively amid bearish market sentiments.
News ID: 4875    Publish Date : 2019/06/23

South Korea n leading EAF steelmaker, Hyundai Steel has reportedly lowered the bids for Japanese scrap purchase by JPY 1,000/MT (USD 9) today.
News ID: 4818    Publish Date : 2019/06/14

South Korea 's crude steel production increased and recorded a rise of 1.4% to 6.0 MnT in Apr'19 as against Apr'18. In line with it, in first 4 months of CY19, production also grew by 2.8% to 24.38 MnT in Jan-Apr'19 in comparison with 23.71 MnT during Jan-Apr'18.
News ID: 4711    Publish Date : 2019/06/01

South Korea n leading EAF steelmaker, Hyundai Steel has reportedly lowered the bids for Japanese scrap purchase by another JPY 500/MT (USD 5) this week on account of availability of inventory with the steelmaker and uncertainty in the domestic Japanese scrap prices with steelmakers in 'Wait and Watch' mode.
News ID: 4645    Publish Date : 2019/05/27

Indian Ferro Chrome stoops to new low in this week. Prices have been gradually falling down since last month due to low demand. Producers reported that the market is more inclined towards the buyers side.
News ID: 4639    Publish Date : 2019/05/25

South Korea ’s Iranian oil imports rose 17% in April from a year earlier, customs data showed on Wednesday.
News ID: 4571    Publish Date : 2019/05/18

As per the recent data released by customs Indian flat steel imports stood at 0.5 MnT in Apr’19 drop by 11% against 0.56 MnT in Jan’19.
News ID: 4550    Publish Date : 2019/05/16

South Korea ’s HRC offers to Vietnam plunge in recent deal concluded- As per market sources based in Vietnam, South Korea n based Hyundai steel has concluded HRC deal with Vietnam for June end shipments. As per an update, company booked around 20,000 MT of HRC with Vietnam based Hoasen for June end July shipments.
News ID: 4543    Publish Date : 2019/05/16

SteelMint learned from the updates that South Korea n leading EAF steelmaker- Hyundai Steel has recently booked two more bulk ferrous scrap cargoes from the US.
News ID: 4506    Publish Date : 2019/05/14

According to the recent data released by World Steel Association (WSA) total crude steel production of 64 steel manufacturing countries moved up by 4.5% to 444.11 MnT in (Jan-Mar) Q1 CY’19 as compared to 425.06 MnT in (Jan-Mar) Q1 CY’18.
News ID: 4449    Publish Date : 2019/05/07

South Korea ’s steel major - POSCO announced its quarterly result for Q1 CY’19 yesterday on 24 Apr’19. The major findings from the quarterly report are are as follows:
News ID: 4435    Publish Date : 2019/05/06

Indian Ferro Chrome prices are down for the third straight week owing to persistent low demand.
News ID: 4425    Publish Date : 2019/05/06

South Korea Billet export down 33% Q-o-Q in Q1 CY’19- The nation’s billet exports fell significantly by 33% in Q1 CY’19 to 0.10 MnT which was 0.15 MnT in Q4 CY’18.
News ID: 4396    Publish Date : 2019/05/02

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