February 1, 2011
Reportedly, South Korea’s Posco has decided to cancel the discount offers to local buyers and raised its domestic prices of hot rolled coil (HRC).
At the same time, the company has also informed the overseas distributors to cancel the discount offers; while, as the terms of supply contract are different, Posco hasn’t confirmed when to realize the price hike of HRC.
Besides, market participants predicted that South Korea’s major steel mills would increase the prices as well. It’s known that a rolling mill has hiked the export offers by US$100/ton.
News Source www.yieh.com
No comments:
Post a Comment