South Korea Hot Rolling Price is Stable, Posterior Market Favorable Short Factor

Release time：Jun 20, 2019 From：admin

South Korea's 3.0mm daily standard SS400 hot-rolled sheet coil was stable at 750,000 won/ton (US$662/ton) in local currency circulation, and the quotation of local currency was stable. The current market price of hot rolled coil from China is 720,000 won/ton ($635/ton), and the quotation in local currency is stable.

This week, the price trend of hot rolled coil in Korea is stable. Internationally, China's FOB export price for hot rolled coils was reported at $585 per ton this week, with a weekly decline of $10 per ton. With the continuous fermentation of trade war and the easing of export price of hot rolled coil in China, the price of hot rolled coil in Korea is expected to weaken and adjust in the short term.