Hyundai Steel to raise steel prices from July 18

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

30 Jun 2010

South Korea's Hyundai Steel, the country's No.2 steelmaker, said on Wednesday it would raise prices of its major steel products by 6 percent from July 18. The rise comes after the country's largest steelmaker POSCO said earlier this month it would raise prices of its benchmark steel products by 6 percent from July. Hyundai Steel said in a statement it would raise its hot-rolled steel prices to 900,000 won per tonne from 850,000 won, while prices of plates would rise to 950,000 won from 900,000 won.

Source: Reuters