It’s reported that Korean cold rolled mills may raise the export price by US$20/ton on average next week.

The new price of cold rolled product is expected to increase to US$700/ton. Meanwhile, the prices of HDG and PPGI are predicted to go up to US$750/ton and US$900/ton respectively.

On the other hand, Korean steel distributors will raise stainless steel domestic price of 304 hot rolled product to 3.20~3.25 million won/ton. And the price of 304 cold rolled product is expected to go up to 3.4~3.45 million won/ton.