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South Korea: Stainless steel import costs surge amid FX pressure and supply risks

Source: BigMint Mar 25, 2026 08:30

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Rising offers and weaker KRW trigger cost shock. Import volumes at risk as buyers resist higher prices

South Korea's stainless steel import market is facing mounting pressure as rising global offers, a sharp depreciation in the Korean won, and escalating geopolitical risks converge to create a significant cost burden. Offers for 304-grade cold-rolled stainless steel for May-June shipments are currently hovering around $2,2002,250/t, pushing import costs

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