South Korean hot-rolled and heavy plate importers are considering increasing the plate sales price. It is reported that importers plan to increase the plate sales price to 780,000 won/t or more (cash basis), which is an increase of 1-20000 won/t compared with the current price.
The importer is in a state of loss, and the import volume is also falling, so he is prepared to increase the price. According to industry sources, “The importer has repeatedly tried to increase prices and failed. The success of this price increase remains to be seen.â€