Although South Korean longs producers were claiming to stop production in case of new rebar price rejection in November, they still have had to step back. Soft demand and no signs of its rapid improvement until 2011 have made mills lower official domestic prices by $35/t at the exchange rate $1 = KRW 1138.5 (KRW 40/kg) compared with early November. Yet, on currency fluctuations, the actual decrease has widened to $54/t.
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