Hyundai Steel to raise steel prices from July 18

Newswire

SEOUL, June 30 (Reuters) - South Korea's Hyundai Steel , the country's No.2 steelmaker, said on Wednesday it would raise prices of its major steel products by 6 percent from July 18. The rise comes after the country's largest steelmaker POSCO said earlier this month it would raise prices of its benchmark steel products by 6 percent from July. [ID:nTOE65L006] Hyundai Steel said in a statement it would raise its hot-rolled steel prices to 900,000 won ($739.6) per tonne from 850,000 won, ...

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