September 08, 2008

South Korea slab import prices nearing USD 1000 per tonne

South Korean import price of slab continues to increase on short supply. As per report the current import price is quoted at as high as USD 1,000 per tonne and quotation price from Far Eastern region is prevailing at USD 970 per tonne.

The report added that South Korean mills are facing increasing pressure on their profits, as the squeeze was mainly due to escalating raw material costs.

(Sourced from YIEH.com)