South Korean H beam prices fall by KRW 10,000 a tonne
Tuesday, 20 Oct 2009
It is reported that Korea's H beam prices declined again by KRW 10,000 to KRW 20,000 per tonne due to weak market.
The current H beam price from Hyundai Steel is about KRW 860,000 to KRW 880,000 per tonne while Dongbu Steel is offering KRW 840,000 to KRW 860,000 per tonne. The import price to Korea is about KRW 720,000 to KRW 770,000 per tonne.
It's said that some dealers are decreasing price to attract buyers and also some dealers offer the import resources from China at KRW 600,000 per tonne.
