Page 16 - Gwangyang News Today

Korean steelmaker POSCO said Sunday it has resumed operations at a key steel plant after a three-month-long suspension due to a typhoon. On Thursday, POSCO restarted the No. 2 hot-rolled steel production plant in Pohang, 374 kilometers southeast of Seoul, bringing the number of normalized plants to 13 out of 18 plants following the natural disaster, the company said in a statement. The No. 2 hot-rolled steel plant processes 5 million tons, or 33 percent, of 14.8 million tons of steel products ch...

Unionized cargo truck drivers voted to return to work, Friday, ending their 16-day-long strike, after their collective action was met with toughened measures by the government, which had been responding with unprecedented return-to-work orders.

Shipments from major ports and cement production sites are recovering after days of disruptions over the truckers strike, the government said Saturday, as the walkout appears to be losing steam in the face of a tough government stance.

SYDNEY (Reuters) - Australia will play a big role in South Korea's ambition to lead the electric vehicle batteries market and diversify from China for...

Nickel spot prices were higher the last month and the LME inventory was lower. Click here to learn more.

Two steel plants operated by POSCO obtained certification for their contributions to the sustainable future of the steel industry, a feat underpinned by their efforts and management in advancing environmental, social and corporate governance (ESG) goals, the steel giant said Monday. The plants in Pohang and Gwangyang were given the certification on Nov. 31 (local time), after a nine-month review by the Future Strategy Forum in Memphis, Tennessee.

Construction companies are on the verge of halting their construction activities due to the deepening disruption to the supply of construction materials, as striking truckers under the Korea Confederation of Trade Unions (KCTU) refuse to work, according to companies and the industry ministry, Friday.

POHANG, North Gyeongsang Province - Red-hot slabs roll in the POSCO main steel mills No. 1 hot strip plant, which was flooded after Typhoon Hinnamnor poured up to 500 millimeters of rain within a few hours two months ago onto the southeastern port city of Pohang. The steel mills No. 3 blast furnace, which was halted before the super storm hit, is also spewing 1,500-degree Celsius molten iron.

Key local manufacturers are bracing for a logistics crisis brought on by a strike by unionized truckers under the Korean Confederation of Trade Unions (KCTU), Thursday, in what mar...

Lithium chemical & spodumene prices were higher again in past month. Albemarle Q3 earnings ~7x same year-ago period. Read more here.