Hyundai Steel announced on Wednesday the firm increases concrete reinforcing steel bar and H-beam export price for the new order receipt. The firm increases the rebar price to FOB US$ 630-640 or 52,900-53,700 yen per tonne from US$ 600 and H-beam price to FOB US$ 710-720 from US$ 680-690. The firm passes the increase in material cost since the end of July to export price under recovering market.
Hyundai Steel expects the monthly averaged rebar export price increases to FOB US$ 630 per tonne in October. The price would increase to US$ 595 in September from US$ 565 in August and US$ 527 in July. The H-beam averaged export price will be FOB US$ 710 per tonne in October and US$ 680 in September, which increases from US$ 645 in August and US$ 637 in July.| M | T | W | T | F | S | S |
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Japan Steel Scrap Composite Prices (Sangyo Press)
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