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    Plate

    July 23, 2021

    Hyundai Makes Last Offer of '21 for Plate to Gulf Coast

    Written by Michael Cowden

    Hyundai Steel has made what is probably its last offer for imported plate for 2021 delivery to Gulf Coast ports, according to market participants. And there might be only one more offering to West Coast ports, sources said.

    steel platePlate made by the South Korean steelmaker is being offered to Houston and New Orleans – the primary Gulf Coast destinations for foreign steel – at $1,510 per ton ($75.50 per cwt) delivered duty paid (DDP). Offers to Long Beach, Calif. – the primary West Coast port for imported steel – are at $1,550 per ton ($77.50 per cwt) DDP.

    Michael Cowden

    Michael Cowden is editor-in-chief for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.

    Read more from Michael Cowden

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