November 22, 2008

Dongkuk Steel to hike price of galvanized steel

South Korea Dongkuk Steel said it has settled the export price negotiation. Consequently the export prices of hot dipped galvanized sheet and color coated sheet are at USD 1,300 per tonne and USD 1,450 to USD 1,500 per tonne respectively.

It is expected that export prices of Hyundai Hysco and Union Steel will be similar to this price range. Mills were forced to raise galvanized steel prices in order to offset climbing costs of hot rolled coil.

(Sourced from YIEH.com)