Rumors are in full of circulation that the Korean H-Beam market that Japan is selling at low prices. According to the steel traders, early this month, Tokyo Steel is known to suggest is export offers at the rate of 63,000 yen a ton for light gauge H-Beam 15,000~20,000 tons into Korea for the June shipment terms.
The industry people said that, “The shipment in question has been contracted at around 63,000~63,300 yen a ton for 10,000~15,000 tons light gauge civil engineering use H-Beam produced at Okayama factory of Tokyo Steel.” "Tokyo Steel’s offers equate around 680,000 won a ton when converted by the latest foreign exchange rate, amounting to around 700,000~710,000 won a ton if reflected all the accessory expenses,” they added.
Therefore, the Korean H-Beam makers fret that the quantities concerned expecting to arrive around end-July or early in August may affect the distribution prices.
Source: Steel&Metal News |
