POSCO HRC export price to Southeast Asia rose to U.S.$500 per ton

Published: 26 Jun 2009 01:26:00 PST

June 26 MetalBiz-Recently POSCO HRC export quotation to Southeast Asia is U.S.$500 per ton (FOB), which is equivalent to the level of China and Japan's steel mills, more U.S.$30-40 per ton than the third counties such as Russia. HRC from POSCO to Southeast Asian will be delivered in August-September and the volume is about 20,000tons. If 1Won is equal to U.S.$1,300, POSCO's export quoted about 650,000 Won per ton. Now POSCO HRC EXW price is 680,000 Won, lower 3Won than the domestic supplying price.