Tag: Hot-rolled steel product prices in South Korea witness downward trend

Steel giant POSCO is currently undergoing repairs at its facilities at the Pohang works, which was hit by the typhoon Hinnamnor and is likely to commence regular operations at hot-rolling (HR) plant-1 soon. Current prices of hot-rolled products dropped to KRW 11,50,000/t ($806/t) levels from KRW 12,50,000/t ($876/t) levels seen in early-October. This was mainly…