Hyundai Steel, the world's second largest EAF (electric arc furnace) steelmaker and South Korea's only integrated steel works built with private capital, announced on April 23 that will increase its domestic prices for May shipments. Details are as follows;
Current price
|
New price
|
Change
|
|
HRC |
KRW 690,000/mt ($625/mt) |
KRW 850,000/mt ($770/mt) |
KRW 160,000/mt ($145/mt) |
Plate |
KRW 820,000/mt ($743/mt) |
KRW 900,000/mt ($815/mt) |
KRW 80,000/mt ($72/mt) |
Rebar (13mm) |
KRW 776,000/mt ($703/mt) |
KRW 816,000/mt ($739/mt) |
KRW 40,000/mt ($36/mt) |
H-beam (small size) |
KRW 910,000/mt ($824/mt) |
KRW 950,000/mt ($860/mt) |
KRW 40,000/mt ($36/mt) |
Sections (Angles, Channels) |
KRW 900,000/mt ($815/mt) |
KRW 940,000/mt ($851/mt) |
KRW 40,000/mt ($36/mt) |
US$1 = KRW 1,104.13