July 25, 2008

Union Steel and POSCO to increase domestic prices for PPGI in May

It is reported that 2 of the major South Korean mills, Union Steel and POSCO, are planning to increase the domestic prices of pre painted hot dipped galvanized steel coils for home appliance industry by USD 144 per tonne to USD 167 per tonne in May 2008. The move is in response to increasing raw material costs.

Currently the price of color steel coil with 0.4mm thickness is prevailing between USD 1,268 per tonne to USD 1,287 per tonne by USD 77 per tonne WoW.

PPGI price in South Koreas had increased by about USD 77 per tonne in March 2008 also.

(Sourced from Yieh.com)