Recently, some Chinese steelmakers have started the export price negotiation for hot rolled coil (HRC) with South Korea for June delivery
It's said that the Chinese steelmakers may hike the HRC export prices slightly for June deliveries.
In South Korean market, Posco announced to hike the HRC prices by 20,000 won~30,000 won/ton to local distributors for April delivery and the price rise was accepted.
Moreover, it's said that Posco planned to raise the HRC prices further by 50,000 won/ton for May; however, it's said that the price hike may be unfavorable