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07 Jan
06:10

South Korean steelmakers adjust flat offers in January

South Korea's Posco plans to cut cold-rolled coil prices to home appliance makers in January, while Hyundai Steel has announced that it will lift its flat steel offers to distributors, Kallanish notes. According to local market sources, Posco recently agreed with LG Electronics that it would cut CRC prices by KRW 20,000/tonne ($17/t) for January 2020 shipments. This was after they agreed to a KRW 20,000/t price increase last October.&n…
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