Recently, South Korea's importers have stopped the price negotiation for rebar and will postpone the rebar imports as the current local transaction prices are much lower than that of imported materials.
At present, it is known that Chinese and Japanese mills offer the rebar at USD 700 per tonne CFR and USD 738 per tonne CFR for South Korea respectively.
However, the current transaction prices of Chinese and Japanese materials are at KRW 740,000 to KRW 760,000 per tonne and KRW 780,000 to KRW 790,000 per tonne respectively.
Consequently, it has forced South Korea's importers to postpone the rebar imports.
At present, it is known that Chinese and Japanese mills offer the rebar at USD 700 per tonne CFR and USD 738 per tonne CFR for South Korea respectively.
However, the current transaction prices of Chinese and Japanese materials are at KRW 740,000 to KRW 760,000 per tonne and KRW 780,000 to KRW 790,000 per tonne respectively.
Consequently, it has forced South Korea's importers to postpone the rebar imports.
(Sourced from YIEH.corp)
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