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Chinese HR imports, pouring into Korea
- Chinese HR imports clearing customs the largest in December
- Offers by Chinese HR mills, down by more than USD100 since November
2019-01-09 15:03
 
The volume of HR imports clearing customs was the largest in December during the second half of last..
 
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1 Rising H2 import prices, to have impact on scrap markets both at home and overseas
2 Domestic structure pipe makers, struggling to secure HR thin sheets
3 Overseas STS makers, suggesting offers to Korea for May shipments
4 Korean steelmakers focusing of reducing HR roll margin
5 Dongkuk Steel, to raise the lowest closing price to KRW860,000
6 TCC Dongyang, change the company name to TCC Steel
7 China slapped a high tariff on STS imports from Korea
 
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Korea Steel Price >
Kinds
Maker sale
Distribution
Importer sales
1,060
7**
6**
1,060
7**
6**
-
7**
6**
715
6**
6**
900
8**
7**
-
2***
2***
950
8****
-
*Benchmark: Primary distribution basis (KRW(won)/Kg)
Korea Steel Scrap Price >
Kinds
Seoul-Incheon
Yeongnam area
Average
3**
3**
3**
3**
3**
3**
3**
3**
3**
3**
2**
2**
2**
2**
2**
*VAT Not included (KRW/kg)
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