[Ferro-Alloys.com] 

According to Yonhap on February 24, with the increase of iron and steel demand at home and abroad, Korean steel enterprises are getting busy day by day. In order to cope with the large increase in demand for steel plates such as household appliances and automobiles, Korean modern iron-making and other enterprises have adjusted the equipment maintenance schedule to ensure the normal operation of the factory and expand the supply of products. In addition, the government introduced housing supply expansion policy, construction steel demand growth is also increasing expectations.  

Iron ore prices (Qingdao Port, China) rose more than $10 from the start of the year to $175.96 on the 22nd, according to the Ministry of Industry and Trade. The steel industry continues to rise as demand increases and raw material prices rise. POSCO company's hot-rolled steel plate prices rose 80,000 won per ton in January and 100000 won in February and 50,000 won in March, and modern iron production will rise 50,000 won next month. Since February, domestic steel and steel raw materials prices have also risen rapidly. Industry sources predict that the government's real estate supply policy seems to have an impact on steel prices, if the demand for construction steel, steel bars, H steel and other products prices will also rise sharply.