In considering the rise of raw material prices and currency, South Korean steelmaker POSCO decided to increase hot rolled prices by KRW 50,000/ton for September.
Due to the maintenance work at POSCO and Hyundai in September, the volume of hot rolled supply is expected to decrease. The market prices might be hiked for future shipments and orders. For the coming peak season of steel consumption, it may pay more attention to the price increase in a short period of time.
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