Due to strong demand, Hyundai Steel increase the export price of H beam which will delivery in April by USD40-50/mt, the export price to Southeast Asia and Mid-east is USD470/mt(CFR) and USD530/mt to North America.

Hyundai Steel said the recent US and Japanese scrap prices rose steadily and Chinese steel market rise, H-beam price increase is reasonable range. As China's steel exports to tight supply, the price increases are likely to be accepted by the market.

According to market demand change and international scrap trend, Hyundai Steel may further increase export quotations.