Recent Hyundai Steel and Dongkuk has announced the increase of H-beam prices, and price cuts discount rate means are 20,000 won / ton.
Modern steel price biggest reason is diluted by the burden of fixed costs increase. With summer overhaul, fixed costs are also rising, electricity also rose, the price is inevitable. Hyundai Steel plans to push the market price to 850,000 won / ton.
Dongkuk The price adjustment is due to rising fixed costs summer overhaul continued losses and to improve the situation. Price increases, Dongkuk H-beam average delivery prices rose 840,000 won / ton.
Market participants said that mills maintenance led to tight supply market, some specifications have inventory.
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