POSCO, Hyundai Steel to raise HRC prices for January

South Korean steel giant Pohang Iron Steel Co. (POSCO) and Hyundai
steel might raise their price offers for the month of January said traders of
POSCO Steel.

The increase in prices is expected for the benefit of Korean
mills. Prices are not disclosed, but according to the sources it is expected
that the price for HRC might increase by $25-30/ton.