Hyundai Steel to hike iron prices

Print this page Posted on : 02-27-2008 by recycleinme.com
Hyundai Steel Co., South Korea's second-largest steelmaker, said it will raise prices of its mainstream iron bar products by 7 per cent later this week to recover rising raw material costs. The price will rise by 50,000 won ($52.8) per tonne to 731,000 won a tonne, starting from Feb. 28, Mr Chang Young Sik, a spokesman for the Incheon, South Korea-based company, said. Iron bar, used in construction, accounts for about 30 per cent of the company's sales.
Source : Business Line

Latest Scrap and Metal news
Spot rubber prices up with global market
Currency weighs on copper
Malaysia tin closes higher
Mixed trend in spot rubber
Copper hits 14-month high as equities climb
Nalco sells ingots at premium
Malaysia tin market closes higher

More Scrap and Metal news