17
Jul
06:03
Iron ore prices hit Korean steelmakers
According to Korean market participants, Posco and Hyundai Steel, like other steelmakers, are reportedly facing heavy pressure from the rising price of iron ore, Kallanish notes.
After six months of negotiation, Posco and shipbuilding companies lead by Hyundai Heavy Industry reached an agreement to consolidate ship plate prices at the same level for the first half-year. Steelmakers had intended to lift prices by KRW 50,000/tonne ($42/t), while the…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous