POSCO's second blast furnace in Pohang, South Korea As Japanese hot-rolled steel plates have flooded into South Korea at even lower prices than those from China, Korean steel manufacturers are considering measures to keep Japanese rivals from dumping their products in the country. Korean
A member of Korea's Cargo Truckers Solidarity union protests as truckers continue their strike South Korea’s manufacturing sector faces ballooning losses across industries as the trucker strike entered its eighth day on Thursday, disrupting the country’s supply chain and exports ami
A POSCO employee works at a blast furnace (Courtesy of POSCO) South Korea’s steel output last year was estimated to have topped 70 million tons as the industry enjoyed a steel supercycle for the first time in about ten years.The country produced 58.7 million tons of steel in the first ten
Dongkuk Steel Mill Dongkuk Steel Mill Co., South Korea’s third-largest steelmaker, on Monday reported its largest quarterly operating profit in nearly five years as a rebounding global economy boosts demand.Operating profit in the January-March period was 109.4 billion won ($96.4 million)
Dongkuk Steel employees inspect color steel plates at the Busan plant. At Dongkuk Steel Mill Co.’s main plant in Busan, some 430 km southeast of Seoul, huge rollers churning out colorful sheets never stop except when they are under repair and maintenance.Eight production lines at the fact