Reportedly, the Korean steelmaker Hyundai Steel planned to raise its export price for H-beam and other steel long products by US$20~US$30/ton for December shipments. Hyundai Steel has set export prices for December sales of based-sized H-beams at US$710~US$720/ton CFR Singapore; those to American region are at US$730~US$760/ton CFR and those to the Middle-East are at US$710/ton CFR. The company stated that it decided to prices for December due to higher scrap prices from Japan and the US, and the increased electricity charges.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67192&division=A4
