The stockS of hot rolled coil keeps increasing in South Korea since Posco raised its HRC prices.

According to data, the stocks in Posco SSC totaled around 80,000 tons, which is the highest from the end of last December.

So far, the price of HRC released by Posco is still higher by around US$80/ton than buyers’ expectation. Most buyers keep a wait-and-see attitude at this moment in South Korea.