Tag: South Korea: Plate manufacturers increase prices upto KRW 30000/t ($25/t) for Feb’22 sales

South Korean hot-rolled plate manufacturer, Dongkuk Steel, increased its prices by KRW 20,000-30,000/t ($17-25/t) for Feb’22 deliveries. Following the suit, other major manufacturers, POSCO and Hyundai Steel, have also decided to increase prices by the similar quantum. Major factors leading to the price hike: Demand from shipbuilding industry: Demand for heavy plates took a jump with…