South African steel producer Iscor hikes prices

South African steel producer Iscor hikes prices

South African steel producer Iscor reportedly plans to increase prices of certain steel products in the following two months as the prices of steel products have increased in international markets. Accordingly, current price of wire rod and rebar will be increased by 6% in July, while current price of certain rolled alloy and specialty steels will be increased by 4% and 5% respectively to be effective as of August. On the other hand, prices of certain flat products such as hot rolled coils will be decreased by 2-4% to be effective as of August and September.