Tuesday, December 24, 2024
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    South Korea

    Steel firms to raise HRC prices amid rising costs

    South Korea's steel industry will increase prices for general steel products starting January, driven by a sharp rise in the KRW-USD exchange rate and...

    Hyundai Steel reverses closure of Pohang plant amid union opposition

    Hyundai Steel has reversed its decision to shut down its Pohang Plant No. 2 in Gyeongsangbuk-do following strong opposition from the labor union, according...

    Posco shuts down wire rod mill at Pohang site

    South Korean steelmaker Posco has announced the closure of its Wire Rod Plant 1 at the Pohang steelworks in North Gyeongsang Province. The decision...

    Hyundai Steel considers shutting Pohang plant amid low demand and Chinese competition

    Hyundai Steel, South Korea's second-largest steel producer, plans to indefinitely suspend operations at its second plant in Pohang due to a construction slowdown and...

    Posco considers sale of loss-making stainless steel plant in China

    Korea's Posco Group is considering selling Posco Zhangjiagang Stainless Steel (PZSS) in China, part of a broader effort by Chairman Jang In-hwa to restructure...

    Ministry launches AD probe into imports of Chinese HR plates

    The Ministry of Trade, Industry, and Energy has launched an anti-dumping investigation into Chinese-origin HRC plates following a complaint from Hyundai Steel on July...

    Hyundai Steel explores hydrogen gas injection study to reduce CO2 emissions

    Hyundai Steel in Dangjin, South Korea, has ordered a blast furnace gas injection study from Primetals Technologies, set to be conducted in two phases. Phase...

    Posco to modernize LD converter at Pohang plant

    South Korean steel producer Posco has selected Primetals Technologies to supply a new tilting drive for LD converter (BOF) No. 3-2 at its Pohang...

    Posco advances hydrogen-based steel production with HyREX demonstration plant

    Primetals Technologies and Posco have signed a cooperation agreement to design and implement a HyREX demonstration plant at Posco's facility in Pohang, South Korea....

    Posco aims to increase steel supply for hyperloop projects

    Posco is increasing its steel supply for the world's first hyperloop facility, following the successful test of Hardt Hyperloop's vehicle at the European Hyperloop...

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