Tag: South Korea: POSCO to increase HRC prices for Apr’22 sales on soaring raw material costs

South Korea: POSCO to increase HRC prices for Apr’22 sales on soaring raw material costs

Mar 15, 2022

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by

Kanishka Chhabria

in HRC

Steel giant POSCO aims to increase hot rolled coil (HRC) prices for Apr’22 sales on soaring raw material costs. The import price of Australian iron ore of Fe62% from China has risen sharply to $150-160/t CFR. However, it is still below $220/t levels seen in CY’21. But, the major problem is that coking coal prices…