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Shipbuilders sustain further steel plate hike

DONGKUK steel, South Korea’s second largest steel supplier, has again hiked prices of steel plate, the second increase in two months. Dongkuk Steel said yesterday it would increase the price of steel plate by 5.8% from won685,000 ($744.56) to won725,000. The steel provider had previously raised its prices by 7.9% from won635,000 on May 14 this year.

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