S.Korea Hyundai Steel to raise steel prices 7 pct

Newswire

SEOUL, Dec 26 (Reuters) - Hyundai Steel , South Korea's second-largest steel maker, said on Wednesday it will raise some steel products prices by up to 7 percent, reflecting soaring raw material prices. The unit of Hyundai Motor Group will increase prices of steel bars by 40,000 won ($42.62), or 6.8 percent, effective from Jan. 2. The prices of small H-beams will be raised by 7.2 percent while the prices of large metal will grow by 4 percent. Hyundai last raised prices of bars and ...

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