Price Competition of Cold-rolled Flat Products Getting Overheated in Distribution Market

摘要

Price competition among steel service centers (SSCs) of cold-rolled flat products is getting overheated again in the distribution market. According to industry sources, in the wake of the price hike by POSCO and three major local makers of cold-rolled flat products, that is, Dongbu Steel, Hyundai HYSCO and Union Steel, SSCs which deal in their products attempted to increase their selling prices on the cold-rolled products in the distribution market in August, but their application of their new price to the market does not appear to have been smooth due to the severe price competition for sales. It is mainly because that the selling prices from POSCO's SSCs are lower than those from other SSCs for those major three makers of cold-rolled flat products.