9,807.10 TRY BIST 100 BIST 100
35.98 USD USD USD
4.99 CNY CNY CNY
37.15 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
38.54 TRY Interest Interest
75.92 USD Fossil Oil Fossil Oil
32.28 USD Silver Silver
4.33 USD Copper Copper
104.14 USD Iron Ore Iron Ore
349.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,301.46 TRY Gold (gr) Gold (gr)

HRC sales of South Korean steel producers are turning to the domestic market

According to data, hot rolled coil (HRC) sales of South Korea's major blast furnace steelmakers POSCO Steel and Hyundai Steel decreased slightly in January compared to the previous month.

HRC sales of South Korean steel producers are turning to the domestic market

According to data, hot rolled coil (HRC) sales of South Korea's major blast furnace steelmakers POSCO Steel and Hyundai Steel decreased slightly in January compared to the previous month. While the HRC production of these producers decreased by 100,000 tons compared to the previous month, there was a decrease of 45,000 tons in sales. However, domestic demand saw a significant increase, with an increase of 65,000 tonnes to 590,000 tonnes, accounting for 61% of the total sales of both factories. This indicates that sales in the local market are increasing.

While the increased demand for galvanized steel from the local sub-sectors increased consumption, hot coil prices in the Japanese market showed an upward trend. POSCO Steel and Hyundai Steel's export volumes to India and Europe decreased significantly due to disruptions in deliveries to Europe, especially due to the Red Sea crisis.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Qatar's construction sector poised for a good year

Wednesday, February 5, 2025

Thousands of steelworkers and industry representatives demand urgent EU action in Brussels

Wednesday, February 5, 2025

Fujian Sanbao Group co-operates with SMS Group for tin plate production

Wednesday, February 5, 2025

Taiwanese company Feng Hsin increased scrap and rebar prices

Wednesday, February 5, 2025

Olaf Scholz emphasizes green steel in Thyssenkrupp visit

Wednesday, February 5, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now