South Korea's Hyundai Steel increases HRC offers by $10/t

Major South Korean producer Hyundai Steel is increasing its September-shipment hot-rolled coil offers by $10 per tonne this week, sources told Fastmarkets.

The company is offering HRC at $470 per tonne cfr Vietnam and $475 per tonne cfr Indonesia, Malaysia and Thailand, which includes shipments of SAE1006-grade coils of 2mm thickness, SS400-grade coils of 3-20mm thickness and SPHC-grade coils of 2-11.8mm thickness, market participants said. 

"The major steelmaker is facing low allocations for September-shipment materials,...


Paul Lim

July 13, 2020

11:10 GMT