SEOUL, June 27 (Korea Bizwire) — About 4 out of 10 companies in South Korea saw their raw material prices jump 20 percent or more this year amid fast-rising oil and commodity bills, a central bank survey showed Monday. According to the survey by the Bank of Korea on 570 firms, 40.3 percent said so, [...]
SEOUL, Nov. 19 (Korea Bizwire) — Soaring costs of international raw materials are expected to eat into South Korean exporters’ profitability and lead to rising product prices down the road, a poll showed Friday. The survey of 100 major exporters, taken by the Korea Economic Research Institute (KERI), showed 83 percent of the respondents saying [...]
SEOUL, May 1 (Korea Bizwire) — South Korean steelmakers are facing a double whammy of rising iron ore prices and low demand from major clients, industry sources said Wednesday. Steelmakers have passed high costs of raw materials such as iron ore and coking coal onto customers, but they have difficulties in demanding that their clients [...]
Pittsburgh, PA, Mar. 27 (Korea Bizwire) — Calgon Carbon Corporation is announcing a global price increase, effective immediately, where contracts permit, on all activated carbon products due to a continued escalation in the cost of raw materials. The increase is expected to range between 5-20%, depending on the specific product, raw material type, services provided, [...]