| News & Trends | ||
| Hyundai raises price for small cars in US on material costs - 08 Jul, 2008 | ||
|
Bloomberg reported that South Korea’s Hyundai Motor Co raised prices for its Elantra and Accent small cars exported to the US to cover the rising cost of steel and other materials. Mr Jake Jang a spokesman said that Hyundai boosted basic prices for the Elantra by USD 300 and for the Accent by USD 200 as of July 1. He added that the retail price for the Accent is USD 10,775 and USD 13,625 for the Elantra. Earnings from Hyundai's 1.3% gain in US sales last month are being eroded by the rising cost of raw materials. The price of benchmark hot roll coils used to make auto bodies and parts has been raised three times since February to KRW 850,000 per tonne at POSCO. | ||
| Export And Import Levels | ||
 | Coal prices dip to USD 162 a tonne in Australia | |
|
| Chinese HDG exports price witness rebound | |
|
| Chinese rebar export market remain slow | |
| Trade Issues | ||
|
| Indian steel companies push for iron ore export tax hike | |
