Reportedly, South Korea’s Hyundai Steel; has decided to increase the export quotes of hot rolled steel to US$760/ton FOB for April delivery, up by US$20/ton in comparison of the previous quote.

In addition, Taiwan’s Chung Hung Steel has also raised the export quotes of hot rolled steel by US$15~US$20/ton for March delivery.

As the raw material costs have continued soaring in global market, it’s predicted that steel prices may hike further in global market.