POSCO plans to re-commission BFs from September 10

South Korean steelmaker Pohang Iron and Steel Co. (POSCO) has announced that its typhoon damage restoration work is accelerating. The company plans to operate the three blast furnaces at the Pohang Works, which are currently blown down, sequentially from September

HRC price revision accelerates steel nosedive

Domestic steel prices saw a ₹3,000-5,000 per tonne decline, month-on-month, with primary steelmakers announcing a revision of the flagship hot-rolled coil (HRC) prices. The revision was made for early to mid-July deliveries. Most of the major mills (which include private players

China’s wire rod export prices decline further

China’s wire rod export prices have been significantly reduced as domestic steel prices lost support in the past two weeks. On Thursday, Kallanish assessed 6.5mm diameter mesh-grade wire rod at $820/tonne fob China, down $30/t from a week earlier. Even

Energy Crisis Hits European Steel Prices

The European steel industry became the latest casualty of the ongoing energy crisis. In late August, Europe’s largest (and world’s second-largest) steelmaker, ArcelorMittal, announced plans to increase its steel prices. November deliveries of hot rolled coil will see a 13%

IIT Bombay, JSW Group sign partnership for steel tech hub

IIT Bombay and Sajjan Jindal-controlled JSW Group have entered into an exclusive strategic agreement to establish a state-of-the-art JSW Technology Hub in India for steel manufacturing. IIT Bombay, has created The Centre of Excellence in Steel Technology (CoEST) through support from