South Korean flat steel producer Hyundai Steel is expected to resume hot rolled coil (HRC) offering for March shipments with an additional price increase after the Chinese New year holiday, considering the recent increase in HRC demand, higher iron ore prices and the seasonal weather risks in raw material supplying countries like Australia. The company closed deals for February shipments at $20-30/mt higher as compared to January shipments.
After having closed deals to Southeast Asian countries at around $700/mt CFR, the steelmaker has decided to hike its offer price to the region up to $730-740/mt CFR for March shipment. As a result, the average HRC price increase of the company is expected to reach $50-70/mt depending on the country of destination.
Hyundai Steel to increase HRC export offers
Marketplace Offers
Hot Rolled Coil
Thickness
2 mm
Width
1,500 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,200 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,000 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.