Tag: South Korea: POSCO Hyundai Steel to increase HR CR plate prices for May

South Korea: POSCO, Hyundai Steel to increase HR, CR plate prices for May

Apr 25, 2022

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by

Suyash Jain

in Galvanized Plain Coil

South Korean steel majors POSCO and Hyundai Steel have decided to raise prices of hot-rolled (HR) and cold-rolled (CR) galvanised products by KRW 50,000/t ($40/t) for May’22 sales. Soaring costs of iron ore and coking coal had an impact on susbstrate material (HR) prices further pushing CR galvanised steel prices higher.