POSCO considers selling only steel plant in China

2024-11-14

POSCO Group is contemplating the sale of its POSCO Zhangjiagang Stainless Steel plant in China, a joint venture established in 1997, as part of its strategic restructuring plan. The decision to sell the plant, which has been incurring significant losses, is driven by the oversupply of stainless steel in the Chinese market and ongoing losses.

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Trump’s return brings mixed sentiments for steel industry

2024-11-13

With Trump’s return to the White House, his tariff policies against imported goods, especially from China, are expected to reshape the global steel trade landscape. This article explores the mixed sentiments within the steel industry, from potential price hikes due to tariffs to hopes for post-war reconstruction and economic recovery in Europe.

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Iron ore prices increase on Nov 7, forecasted to experience volatility in a short term

2024-11-11

On November 7, iron ore prices surged as China's export growth hit a two-year high in October. Despite a decline in iron ore imports, the market remains above 100 million tons for four consecutive months. However, the imbalance between supply and demand, coupled with weak seasonal steel demand, is expected to cause short-term volatility in iron ore prices.

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Rebar Mesh: A Cost-Effective Solution for Reinforcement

2024-11-08

Discover the advantages of Tianjin Foccred Rebar Mesh, a cost-effective and high-quality solution for reinforcing concrete structures.

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