South Korea: Hyundai Steel cuts H-Beam prices by $17/t for Dec’21

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South Korean steel major Hyundai Steel has decreased H-Beam prices by KRW 20,000/t ($17/t) to KRW 1.45 million ($1,229/t) from KRW 1.47 million ($1,246/t) for Dec’21 deliveries.
The steel major has reduced structural steel prices in view of fast-declining prices of ferrous scrap since Nov.
The decline in ferro alloys prices, too, has reduced production costs, the steelmaker informed.

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