South Korea miners survive nine days underground on coffee
Mining News Pro - The men, aged 62 and 56, are believed to have kept warm by lighting a fire and building a tent out of plastic.
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Visit: 378
South Korea’s SK On inks deal with Global Lithium Resources for lithium supply
Mining News Pro - South Korean battery maker SK On said on Thursday it signed a memorandum of understanding with Australia’s Global Lithium Resources Ltd for stable supply of lithium.
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Visit: 546
Canada, South Korea seek deeper cooperation on critical minerals
Mining News Pro - Canada has many of the critical minerals – like lithium, cobalt and nickel – that are now used to make batteries for EVs, and the government is in the process of seeking to help producers and processors scale up production.
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Visit: 488
South Korea, Japan drive booming met coal demand
Mining News Pro - Interest in Australia’s metallurgical coal (met coal) has enjoyed a significant increase in recent times, as South Korea, Japan and Europe pounce on the popular resource.
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Visit: 926
South Korea: Imported Scrap Offers from Russia Up by 15-20 USD
Mining News Pro - Russian scrap offers to South Korea increased significantly, according to recent release reports. Offers to South Korea up by USD 15-20/MT as against last week, however, no fresh bookings at these levels have been concluded as yet.
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Visit: 1150
Southern Gold seeks buyers for WA assets, as its focus shifts to South Korea
Mining News Pro - Junior Southern Gold has put up a for-sale sign on its Western Australian gold assets, including the Cannon gold mine.
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Visit: 1005
South Korean HRC Importers Turn Active On Competitive Offers from China ________________________________________
Mining News Pro - As per Steel daily,South Korea based HRC importers have turned active and are procuring material from China amid competitive steel prices along with tight supply in domestic market.
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Visit: 1278
South Korean iron ore imports fell in September
Mining News Pro - According to South Korea`s official statistics, imports of iron ore in the country amounted to 5.1 million tons in September, up 27 percent from September.
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Visit: 1206
South Korea: Ferrous Scrap Imports Marginally Down in Q3 2018
Mining News Pro - Scrap imports from US jump three fold and from Japan fall 14% in Q3`2018.
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Visit: 1247
South Korean Steel Majors Inspect RINL’s Vizag Unit taking a Step Ahead in Setting up Steel Plant in India
Mining News Pro - In September last month, the Indian steel ministry had initiated talks with Japanese and Korean steel companies for setting up a 5-mtpa steel plant through a joint venture with state-run Rashtriya Ispat Nigam (RINL) in Vizag (Visakhapatnam).
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Visit: 1707
South Korean Steel Sector Faces Rise in Chinese Imports amid Upturn in Shipbuilding Industry
Mining News Pro - According to the latest reports, amid growing protectionism of U.S against steel imports, one of the key countries that is facing the real brunt is South Korea.
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Visit: 884
South Korea Imposes Anti-Dumping Duty on Stainless Steel Bars Import from Taiwan and Italy
Mining News Pro - The Korea Trade Commission (KTC) has ruled on Thursday (20 Sep’18) that the producers of stainless steel bars from Taiwan and Italy sold their products at unfairly low prices in the South Korean market and has subsequently violated South Korea’s anti-dumping law.
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Visit: 1437
Essar Steel Opens a New Export Market for Flat Steel; Concludes Deal to South Korea
Mining News Pro - SteelMint learned from market sources that west India based steel mill - Essar Steel has booked around 20,000 MT of HRC for export to South Korea.
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Visit: 983
Essar Steel Opens a New Export Market for Flat Steel; Concludes Deal to South Korea
Mining News Pro - SteelMint learned from market sources that west India based steel mill - Essar Steel has booked around 20,000 MT of HRC for export to South Korea. The deal has been concluded in range of USD 583-585/MT CFR basis (which would come around USD 561-563/MT FoB) for October-November shipments. As per reports the deal has been concluded with South Korean mill- Dongbu Steel Co.
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Visit: 1457
South Korea Slaps Fine on Country’s 6 Steelmakers for Unfair Trade Practices
Mining News Pro - According to the latest reports, South Korea’s FTC (Fair Trade Commission) has slapped a record fine of combined 119.4 billion won (USD 105.9 million) on six rebar suppliers including majors Hyundai Steel Co. and Dongkuk Steel Mill Co, for price fixing between 2015 and 2016.
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Visit: 1895
South Korean EAF Steel Manufacturers to Increase Prices amid Rising Graphite Electrode Costs
Mining News Pro - According to market sources, the South Korean special steel manufacturers that use EAFs (Electric arc furnaces) for production are likely to increase their product prices starting from Sep’18 in response to rising raw materials such as scrap, graphite electrodes (GE) and alloy steel prices.
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Visit: 2071
South Korea: Major Steelmakers Book US Cargoes; Skip Bidding for Japanese Scrap
Mining News Pro - Since last few weeks, major EAF steelmakers in South Korea have shifted their attention from Japanese scrap to USA bulk scrap
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Visit: 1164
South Korean Mills Aggressively Book Indian Pellet Cargoes
Mining News Pro - South Korean steel mills have continued to book Indian pellet cargoes as reported by market participants to SteelMint
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Visit: 1294
India Pellet Export Offers Increase Amid Strong Demand from South Korean Mill
Mining News Pro - According to the market participants report to SteelMint, demand for low alumina Indian pellets has continued to increase following improved buying interest from a major South Korean steel mill. The mill is aggressively looking to procure pellets for prompt deliveries.
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Visit: 973
FTA with Japan and South Korea Makes India a Dumping Ground for Steel Post U.S. Tariffs
Mining News Pro - After U.S. announced steep tariffs on steel imports in the month of Mar’18, as a measure to protect its domestic steel industry, India has become a favourite destination for steel dumping especially for countries like Japan and South Korea. This is because India is in FTA (Free Trade Agreement) for ten years with both the countries which provide an exemption from duties on imports coming from Japan and South Korea.
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Visit: 1118
South Korea: Hyundai Steel Skips Bidding for Japanese Scrap; Books US Cargo
Mining News Pro - South Korea’s leading EAF steelmaker - Hyundai Steel has suspended its bids for all grade of Japanese scrap for almost three consecutive weeks amid sufficient inventories and ample numbers of contracts in hand. Hyundai Steel seems not interested to accept the price expectations from Japanese scrap suppliers which have moved up due to rising domestic scrap prices in major regions like Kanto and Gulf in Japan.
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Visit: 1000
What is the Outlook for South Korean Steel Market in August ?
Mining News Pro - In the month of July, South Korea steel industry observed limited trade volumes and downtrend in market prices over selling pressure. Major mills POSCO and Hyundai Steel witnessed marginal growth in sales volume of Hot rolled coils owing to sluggish trading. Meanwhile prices also remain under pressure which resulted in decline in company’s profits.
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Visit: 1065
South Korea: POSCO Crude Steel Output Increases 7% in Q2CY18
Mining News Pro - South Korea steel major - POSCO announced its quarterly results for Q2CY18 yesterday (i.e. on 23 Jul’18).The major highlights of the results announced were as follows:
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Visit: 1201
South Korea Billet Imports Plunge 30% in H1 CY18
Mining News Pro - Billet imports to South Korea reported a decline of 30% in H1 CY18 as against H1 CY17.
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Visit: 953
Is South Korea’s Dongkuk Steel Evading U.S. Import Restrictions via its Joint Venture in Brazil?
The U.S.’s government’s announcement of restrictions on steel imports is going to adversely affect the profitability of majority of steel companies based in its key steel exporting countries such as Canada, Mexico, Brazil and South Korea.
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Visit: 2582