Tag: South Korea: Distributors to raise HRC prices by up to $22/t for September

South Korean steel distribution companies are planning to raise the prices of hot-rolled coil (HRC) by up to KRW 30,000 ($22/t) for September, 2022 to secure profits. After a price hike of KRW 20,000-30,000/t ($15-22/t) in mid-August, the HRC centres are now pushing for another price hike in order to reduce the burden of loss.…