SteelOrbis has learned that South Korean flat rolled steel mills have implemented sharp price increases for export HRC to the US since our last report 5 days ago.
This week, traders are offering South Korean-origin HRC in the domestic market at $65+ cwt. ($1,433/mt or $1,300/nt), FOB truck Houston. In contrast, last week South Korean HRC for July arrival was being offered at approximately $56 cwt. ($1,235/mt or $1,120/nt), FOB truck Houston.