With rising Chinese plate prices, domestic companies 'smile'… Steel stocks show early strength

9:31 a.m. Sep 3, 2026

[Featured Stocks]

Steel stocks are showing early strength in the market.

As of 9:23 a.m. on the 3rd, Shinsteel was trading at 2,105 won, up 484 won (29.86%) from the previous day. Shinsteel surged to its price limit for the third consecutive day.

In the steel sector, Geumgang Steel (22.84%), TCC Steel (18.99%), Dongil Steel Lux (15.00%), and Buguk Steel (10.50%) are all showing double-digit gains.

The steel industry expects profit growth in the second half of the year. Chinese plate prices have risen, and trade barriers against low-priced imports are being strengthened. Industry observers believe these factors will enhance the pricing power of steel companies.

"This article was translated using AI and may differ slightly from the original."

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Yang Hong-won, amid infidelity allegations right after his wedding… Calls out "Come back, Hyeon-ju" at a concert

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