Hyundai Steel Reduces November Rebar Price

Hyundai Steel Reduces November Rebar Price

Summary

Hyundai Steel Reduces November Rebar Price

Hyundai Steel Reduces November Rebar Price
Hyundai Steel announced that it will set the price of SD400 and 10mm diameter rebar to 670,000 won/ton ($576.34/ton) during the November delivery period. It is reported that the price of rebar delivered by Hyundai Steel in October is 705,000 won / ton (about 606.45 US dollars / ton).

The new rebar price will be implemented from November 1st to 30th. Hyundai Steel said that as scrap prices fell by 36,000 won/ton (about $30.97/ton) around October, the offer for rebar has had an impact.