Steelmakers, Shipyards Feud over Price Hike of Steel Plates

SEOUL, May 12 (Korea Bizwire) — South Korean steelmakers are at odds with local shipyards over the price hike of thick steel plates used for shipbuilding, industry sources said Friday. Industry leader POSCO and other steelmakers are pushing for hike prices of 6 millimeter or thicker plates, citing soaring iron ore costs and electricity rates [...]