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South Korea Steel News. Service for global professionals. Constantly updated news and information about South Korea.
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Latest South Korea Steel News

  • China's Economic Power Unsettles the Neighbors (Today) 10 Dec 2009 09:22 GMT
    ... grease-drenched punches; the rhythmic clank of unspooling steel wire; the storm and stress of glinting, ... Asian Development Bank, noted that Japan and South Korea were also seen as juggernauts -- ... has too many steel mills. Its excess steelmaking capacity equals the entire annual production of ...

  • Uneasy Engagement: China's Economic Power Unsettles the Neighbors 10 Dec 2009 05:11 GMT
    ... other crucial sectors for 's Ministry of Industry. “They are stronger and bigger than other ... strong pressure from industries as varied as steel and motorbike makers, the Trade Ministry said last week ... Asian Development Bank, noted that Japan and South Korea were also seen as juggernauts - ...

  • Seoul shares rangebound; muted response to BOK 10 Dec 2009 02:58 GMT
    ... SEOUL, Dec 10 (Reuters) - Seoul shares traded ... a narrow range on Thursday, with the South Korean central bank's decision to hold rates steady having ... issues outperformed, with SK Telecom ( ), South Korea's No. 1 mobile phone carrier, gaining 1.45 ...

  • China's Economic Power Unsettles the Neighbors 10 Dec 2009 02:11 GMT
    ... other crucial sectors for 's Ministry of Industry. “They are stronger and bigger than other ... strong pressure from industries as varied as steel and motorbike makers, the Trade Ministry said last week ... Asian Development Bank, noted that Japan and South Korea were also seen as juggernauts - ...

  • Australian Market Recovers After Early Weakness 10 Dec 2009 01:54 GMT
    ... Lihir Gold are trading modestly higher. Bluescope Steel and Incitec Pivot are exhibiting weakness. In ... premium to the carrying value of the business. On the economic front, the Melbourne Institute ... the Asia-Pacific region, New Zealand, Singapore and South Korea are trading with modest gains, while ...

  • Crude Oil, Metals Drop; U.S. Stocks Rebound 10 Dec 2009 00:53 GMT
    ... Autodesk Inc of 3.1% and in CBS Corp of 3%. AK Steel Holding led gainers in the S&P 500 index ... 0.45% to 1,255.76. The Kospi Index in South Korea increased 6.39 or 0.39% to close ...

  • Seoul shares seen up; caution before rate decision 9 Dec 2009 23:53 GMT
    ... SEOUL, Dec 10 (Reuters) - Seoul shares are ... but caution may pervade ahead of the South Korean central bank's rate decision and options and futures ...

  • Goldman Sachs predicts good year here 9 Dec 2009 23:43 GMT
    ... The Seoul stock market is likely to climb to ... about 72 percent of its iron and steel exports. Kwon projected Korea¡¯s exports would increase ...

  • Massey plans big increase in metallurgical coal production in 2010 9 Dec 2009 20:49 GMT
    ... On the global steel production side, about 25% of Massey's annual production ... and we sold into India, into Egypt, South Korea, a number of those different markets," ... Massey's acquisition strategy, including what criteria the company uses to identify potential targets: "[G]enerally, we've ...

  • POSCO (NYSE:PKX) ' Current prices discount for strong business fundamentals. 9 Dec 2009 18:58 GMT
    ... We continue to believe that steel prices bottomed out in 2Q 09 and expect ... low levels seems unlikely. Steel demand in South Korea will be supported by the improving ... increase y-o-y in FY 2010 as the company benefits more than its competitors from its ...

  • Third Avenue's Marty Whitman: Why I'm bullish on East Asia 9 Dec 2009 18:52 GMT
    ... in Japan. Another 6% was in a steel company, Posco, headquartered in South Korea. The outlook for dynamic growth over the ... control of Japanese corporations. Viewed from a South Korean point of view, North Korea is ...

  • Steel Production Key To Country's Future 9 Dec 2009 16:42 GMT
    ... A technician at a PT Krakatau Steel plant in Cilegon, Banten, cleaning up steel ... concluded as soon as possible. Already numerous business ventures and investments have been halted as ...

  • Hyundai Corporation - SWOT Analysis - Aarkstore Enterprise 9 Dec 2009 11:55 GMT
    ... and distribution services for products ranging from steel, machinery, ships, plants, automobiles, chemicals, electrical products ... general merchandise. The company operates in the South Korea, America, Europe, Middle-East, Africa and Asia. It is ... Africa and Asia. It is headquartered in Seoul, South Korea and employs 267 people. The ...

  • S.Korea Woori Bank to sell $430 mln stake in POSCO 9 Dec 2009 08:49 GMT
    ... SEOUL, Dec 9 (Reuters) - Woori Bank, a unit of South Korea's Woori Finance Holdings, said on Wednesday it ... portfolio adjustment. The bank's holding in the steel giant is worth 494 billion won ($426 ...

  • Seoul shares turn up 0.4 pct on auto, tech issues 9 Dec 2009 07:18 GMT
    ... SEOUL, Dec 9 (Reuters) - Seoul shares reversed earlier losses ... quarter strengthened, with Hyundai Motor ( ), South Korea's top automaker, rising 3.3 percent and Kia ... and POSCO ( ), the world's No.4 steelmaker, declined 2.29 percent. ) dropped 3.31 percent ...


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