It's reported that Korean Hyundai Steel steel service center (SSC) announced to raise the prices of hot rolled coils (HRC) for twice times by a total of KRW30,000/ton in August. Hyundai Steel SSC planned to increase HRC prices by KRW10,000/ton early August and then raise the prices by KRW20,000/ton in mid-August. The price rise is mainly to reflect higher price offered by Hyundai Steel.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65623&division=A2
