South Korean steelmakers mull to raise HR steel prices for next January

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Publish time: 19th December, 2012      Source: ChinaCCM
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Reportedly, the South Korean steelmakers including Posco and Hyundai Steel are mulling to raise its hot rolled steel prices by 20,000~30,000 won/ton for next January.

Industry sources indicated that the two South Korean steelmakers' prices rise for HR steel products is mainly to improve sales profits.

It's said that the two companies will decide whether to raise the prices or not this week.