Buyers demand S. Korean producers to reduce prices
According to recent news in the market, South Korean steel producers are under pressure to reduce their prices. Buyers in South
Korea, complaining about price hikes, put pressure on South Korean steel producers to reduce their prices.
Upon the complaints from the buyers, the
Construction Materials Purchasers' Council of
Korea announced that it will send a letter to domestic steel producers, requesting them to decrease the prices of steel bars.