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Sharp Rise In Manufacturing Costs Steel Prices Exceed US $ 1000 Not Far Away

Shenzhen MG Technology Co.,Ltd | Updated: Jan 11, 2016

Sharp increase in the cost of forced domestic and foreign steel Giants continue to raise prices, seems to have become the steel market is the main theme this year.

Pohang or hefty price increases

On April 8, the Korea economic daily reported that, due to the prices of the main raw material of bituminous coal in the steel production rose sharply in April, Korea's largest steelmaker POSCO, the company may raise its steel prices 20%-30%.

It is understood that currently, POSCO's hot-rolled steel sheet prices per ton of 580,000 won (about US $ 600), cold-rolled steel plate, plate prices to 665,000 won per ton (about 670 dollars).

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