As of June 24, the Egyptian government has decided to impose an additional tariff of 10% on deformed steel bars, wire rods and some flat steel products, which may in particular restrict Türkiye’s export of flat materials to Egypt in the coming months. At present, it has been seen that coated coiled materials shipped to […]
South Korean steel manufacturer POSCO announced that it plans to spin off its steel business into a holding company, which will be renamed POSCO Holdings after restructuring. The splitting work is expected to take place on March 1, 2022. The steel business will be owned by POSCO Holdings and remain unlisted to align its growth
Starting from November 18th, Pohang Group will raise the prices of thick plate products corresponding to imported thick plates from South Korea. This move may become a driving force for the previously weak South Korean thick plate prices to rise. Pohang Group has notified Pohang Processing Center to raise the prices of products corresponding to
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