South Korean metallurgists thought about reducing export prices for hot -rolled rolls

Currently, the largest Korean Metallurgical companies Posco and Hyundai Steel are considering reducing the export price for hot -rolled steel in the roll (HRC) to $ 560 per ton on FOB. In the case of a positive decision, the new price will become 20 dollars lower than today.

Recall that China has already announced a reduction in the export price of a hot-rolled roll to $ 530 FOB for a long-standing foreign country and up to $ 520 per ton when delivered to the countries of Southeast Asia.