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.
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