Displaying items by tag: slag powder

China/Japan: Chinese customs have returned 14,100t of imported non-ferrous slag back to Japan the General Administration of Customs has said. The products were declared as iron oxide and iron powder, according to Reuters. However, they were found to be iron sludge and non-ferrous slag. These by-products have faced an import ban since the beginning of 2018.

South Korea: South Korea's steelmaker POSCO has offloaded its shares in POSFINE Co, a slag powder producer, to a private equity fund for an estimated US$27.5m.

Under the deal, POSCO sold its 69.22% stake in POSFINE to Hahn & Co. The move came two months after POSCO had opened talks with the fund in line with its reorganisation efforts. Hahn & Co also reportedly plans to acquire the remaining shares in POSFINE from Tongyang Cement & Energy Corp, Lafargehalla Cement Corp and SSangyong Cement Industry Co.