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Austenitic Stainless Steel to Account for Over 3/4th of Global Stainless Steel Sales through 2031: Future Market Insights

Austenitic Stainless Steel to Account for Over 3/4th of Global Stainless Steel Sales through 2031: Future Market Insights
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Posco at ease while Hyundai Steel nervous over iron ore price hitting 10-year high

Posco at ease while Hyundai Steel nervous over iron ore price hitting 10-year high
ANI |
Updated: May 11, 2021 12:10 IST
Seoul [South Korea], May 11 (ANI/Global Economic): The price of iron ore, the raw material that goes into making steel materials, has reached its highest level in a decade, jumping over $190 per tonne.
South Korea s steel manufacturing giant Posco was an early investor in mining and thus seems to be in a relatively relaxed state. However, Hyundai Steel Co Ltd under South Korean conglomerate Hyundai Motor Group is facing an uncomfortable situation as it has no existing mining investment.
According to Korea Resources Corp on May 7, the price of imported iron ore (including cost and freight) from China reached $192.4 per tonne as of April 30. ....

Soult Ukpyolsi , South Korea , Troy Hill , Western Australia , South Korean , Hyundai Motor Group , Hyundai Steel Co Ltd Under South Korean , Korea Resources Corp On , Global Economic , Hyundai Steel Co Ltd , Korea Resources Corp , Hyundai Steel , Roy Hill Holdings Pty Ltd , தெற்கு கொரியா , ராய் மலை , மேற்கு ஆஸ்திரேலியா , தெற்கு கொரியன் , ஹூண்டாய் மோட்டார் குழு , உலகளாவிய பொருளாதார , ஹூண்டாய் எஃகு இணை லிமிடெட் , கொரியா வளங்கள் கார்ப் , ஹூண்டாய் எஃகு , ராய் மலை ஹோல்டிங்ஸ் ப்டி லிமிடெட் ,