Korea’s November exports top $60 bn for first time to fresh high

Korea’s November exports top $60 bn for first time to fresh high

South Korea’s exports in November exceeded $60 billion for the first time in terms of monthly shipments to an all-time high, although caution ...

POSCO to quadruple steel sheet production for eco-friendly cars

POSCO to quadruple steel sheet production for eco-friendly cars

South Korean steelmaking giant POSCO Co. is slated to quadruple its production of non-grain-oriented electrical steel sheet, a key material in the...

SeAH to supply monopiles for Orsted’s UK offshore wind farm project

SeAH to supply monopiles for Orsted’s UK offshore wind farm project

SeAH Steel Holdings Corp. ’s UK subsidiary is set to supply monopiles, steel tubes that serve as a fixed foundation for offshore wind turbines...

Dongkuk eyes $1.7 billion sales from color steel business in 2030

Dongkuk eyes $1.7 billion sales from color steel business in 2030

Dongkuk Steel Mill Co., South Korea’s third-largest steelmaker, said on Monday that it aims to grow its color coated steel business to 2 trill...

Steel scrap in high demand in steelmakers' push to cut emissions

Steel scrap in high demand in steelmakers' push to cut emissions

Steel scrap, once derided as trash, is emerging as a national strategic resource as steelmakers are increasingly recycling metal scrap to reduce rel...

SeAH set for record earnings on steel supercycle, offshore wind projects

SeAH set for record earnings on steel supercycle, offshore wind projects

SeAH Group, a South Korean mid-size special steel conglomerate, is set to post record earnings this year on the back of the global steel supercycle ...

POSCO emerges from pandemic blues with record third-quarter profit

POSCO emerges from pandemic blues with record third-quarter profit

South Korea’s largest steelmaker POSCO is returning even stronger from the pandemic-caused economic slowdown, with an all-time high quarterly ...

POSCO to transfer hydrogen steel tech to industry peers for shared growth

POSCO to transfer hydrogen steel tech to industry peers for shared growth

The Hydrogen Iron & Steel Making (HyIS) Forum led by the steelmaker POSCO officially opened Oct. 6 in Seoul with more than 1,200 industry partic...

POSCO breaks ground on $101 million battery recycling plant

POSCO breaks ground on $101 million battery recycling plant

South Korea’s top steelmaker POSCO on Thursday broke ground on its 120 billion won ($101 million) plant to extract nickel, lithium and cobalt,...

Dongkuk Steel adds another production line of color coated steel

Dongkuk Steel adds another production line of color coated steel

Dongkuk Steel Mill Co., the world’s leading manufacturer of color coated steel, has expanded its production capacity even further. The company...

Hyundai Steel, Samsung develop tech to recycle chip waste for steelmaking

Hyundai Steel, Samsung develop tech to recycle chip waste for steelmaking

Hyundai Steel Co. and Samsung Electronics Co. said on Monday they have developed technology that can recycle the chipmaker’s wastewater sludge...

Carbon neutrality reshapes global commodity markets

Carbon neutrality reshapes global commodity markets

Global moves for carbon neutrality are reshaping commodity markets around the world. Iron ore prices have tumbled, while steel scrap prices have soa...

Steel stocks rally on iron ore price falls, Q3 outlook

Steel stocks rally on iron ore price falls, Q3 outlook

Shares in South Korean steelmakers rose sharply in active trade on Tuesday, on the prospect that the declining iron ore price and Chinese rivals' ou...

Korean shipbuilders find relief in falling iron ore prices, rise in new orders

Korean shipbuilders find relief in falling iron ore prices, rise in new orders

South Korea’s major shipbuilders expect to post improved earnings in coming quarters as falling iron ore prices put them in a stronger positio...

Passing China, S.Korean shipbuilders hold top spot for three months

Passing China, S.Korean shipbuilders hold top spot for three months

South Korea’s shipbuilding industry has maintained the top position worldwide in new orders for three straight months up to July.According to ...

POSCO to build $200 mn nickel refining plant to ramp up battery materials

POSCO to build $200 mn nickel refining plant to ramp up battery materials

POSCO, the world’s fifth-largest steelmaker by output, said on Wednesday it is spending 230 billion won ($200 million) to build a nickel sulfa...

Korea’s steel stocks make big rebound with rosy H2 outlook

Korea’s steel stocks make big rebound with rosy H2 outlook

The share prices of South Korea’s major steelmakers, which observed a period of a downturn over the last two months, is making a rebound amid ...

Hyundai Samho’s IPO faces hurdle on steel prices, baffling IMM PE

Hyundai Samho’s IPO faces hurdle on steel prices, baffling IMM PE

Back in the early 2010s, Hyundai Samho Heavy Industries Co. was a strong shipbuilder earning 800 billion won ($696 million) a year on sales of 4.8 t...

KOGAS attempts to expand LNG bunkering as global demand grows

KOGAS attempts to expand LNG bunkering as global demand grows

Korea Gas Corp. (KOGAS) aims to expand liquefied natural gas (LNG) bunkering business as global demand for cleaner fuels for ships is growing.LNG bu...

Korea Shipbuilding delivers dismal Q2 loss on higher steel plate prices

Korea Shipbuilding delivers dismal Q2 loss on higher steel plate prices

Korea Shipbuilding & Offshore Engineering Co. (KSOE), a leading South Korean shipbuilder, on Wednesday posted a dismal quarterly operating loss ...

POSCO returns from pandemic blues with record quarterly profit

POSCO returns from pandemic blues with record quarterly profit

South Korea’s largest steelmaker POSCO is emerging stronger from the pandemic-caused economic slowdown, with a record quarterly profit on robu...

China’s heavy imports of copper, steel scrap hurt Korean SMEs

China’s heavy imports of copper, steel scrap hurt Korean SMEs

South Korea’s massive exports of scrap steel and scrap copper to China are hurting its domestic companies that are struggling to secure the st...

Dongkuk Steel’s Q1 operating profit hits 5-year high as economy recovers

Dongkuk Steel’s Q1 operating profit hits 5-year high as economy recovers

Dongkuk Steel Mill Co., South Korea’s third-largest steelmaker, on Monday reported its largest quarterly operating profit in nearly five years...

Color coated steel shines in style on Samsung, LG home appliances

Color coated steel shines in style on Samsung, LG home appliances

At Dongkuk Steel Mill Co.’s main plant in Busan, some 430 km southeast of Seoul, huge rollers churning out colorful sheets never stop except w...

Dongkuk Steel’s Brazil plant: From ugly duckling to golden swan

Dongkuk Steel’s Brazil plant: From ugly duckling to golden swan

For Dongkuk Steel Mill Co., South Korea’s third-largest steelmaker, Companhia Siderurgica do Pecem steel mill in Brazil, commonly known as CSP...

Hyundai Steel receives $1.9 bn in orders for green bonds

Hyundai Steel receives $1.9 bn in orders for green bonds

South Korea-based Hyundai Steel Co. received around 2 trillion won ($1.9 billion) worth of orders in Monday's bookbuilding for its green bond issue,...

Dongkuk Steel wows industry with color steel plates, earnings surprise

Dongkuk Steel wows industry with color steel plates, earnings surprise

GAMMANDONG, BUSAN -- The global steel industry underwent an unprecedented slump in 2020, with demand from the shipbuilding and automobile industries...

Dongkuk makes strongest steel bar in S.Korea

Dongkuk makes strongest steel bar in S.Korea

Steelmaker Dongkuk Steel Mill Co. has become the first South Korean company to develop a reinforcing bar, or rebar, that can withstand 12.2 tons per...

Korean steel majors positioned as 2021 market darlings

Korean steel majors positioned as 2021 market darlings

Corporate earnings generally come in line with estimates from market analysts, who closely monitor industry conditions. But this year, one sector anal...

POSCO swings to Q3 operating profit vs Q2; steel demand on rise

POSCO swings to Q3 operating profit vs Q2; steel demand on rise

POSCO, the world’s fifth-largest steelmaker, has swung to an operating profit in the third quarter from the second quarter, when it reported its...

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