Hyundai Steel sells 5,000-tonne billet cargo at lower price

Hyundai Steel has sold a 5,000-tonne billet cargo to a South Korean trading house at just under $460 per tonne fob, Steel First understands.

The transacted price was significantly lower than the top bid of $470 per tonne fob that the South Korean steelmaker received earlier this month in a tender, reinforcing perception of deteriorating prices. It did not sell the cargo at the time as it could not come...


Weilyn Loo

October 20, 2014

10:45 GMT