Posco Maharashtra increases CRC export offers by $15-20/MT
The Dollar Business Bureau Posco Maharashtra, a leading player in global steel industry, has increased offers for the cold rolled coil (CRC) export by $15-20 per MT this week, according to sources. Currently the export offers for CRC from India are being evaluated at $545-550 per MT, compared to $530 per MT last week on free on board (FoB) basis. The prices have increased considerably due to the higher prices of iron ore and coking coal. In spite of increase in the prices, CRC export sales from India during the period January-October 2016 surged by around 53% and was at 0.72 MnT, against the 0.47 MnT in same period a year earlier. In the global market, CRC export offers of China are in the range of ...
POSCO for increased business ties with India
Eyeing further collaborations in India, a high-level business delegation from South Korean port city of Pohang, home to steel major POSCO, visited India recently and expressed its keenness to further bolster its trade ties with India in the steel sector The Dollar BusinessBureau Union Minister for Steel Minister Narendra Singh Tomar was said to have invited Pahong city based major business players to invest in Indian government's initiatives South Korean port city of Pohang, which is home to steel giant Pohang Steel Company or POSCO, (world's fourth-largest steelmaker) has recently expressed its keenness to further bolster its trade ties with India in the steel sector. As part of further boosting its economic activities and presence in India, a high-level business delegation from Pohang ...
