Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
This week, the sentiment in the South Korean hot coil market is relatively optimistic, and the dominant steel mills may rise in the near future. Against the backdrop of low inventory levels of hot coils in the leading steel mills Hyundai SGH540 Steel and POSCO single rolling mills, and the latter taking measures to further reduce inventory, the market supply and demand structure of local hot-rolled products has improved.
At present, the mainstream domestic trade price of SS275 hot coils is 830000-850000 Korean won/ton (631-646 US dollars/ton), with a month on month increase of 10000-20000 Korean won/ton (8-15 US dollars/ton) SGH540 Steel . The mainstream import price for GS400 hot coils is slightly lower, at 820000-830000 Korean won/ton (623-631 US dollars/ton) CFR. The mainstream export quotation for China is 790000-830000 Korean won/ton (601-631 US dollars/ton) CFR, with a feasible price of approximately 800000 Korean won/ton (608 US dollars/ton) CFR. China has strong competitiveness in resource pricing, but its quotation may be driven up by iron ore prices in the later stage SGH540 Steel.
