Hyundai Heavy faces increased prices for steel plate used to make ship hulls and a won that has risen against the dollar, reducing the value of its dollar-denominated contracts when converted into the South Korean currency, the statement said. The won rose 8.8 percent last year, the third-biggest increase among the 15 most actively traded currencies in the Asia-Pacific region. In October, Dongkuk Steel Mill, the third-biggest South Korean steel maker, raised the price of steel plate by 8.5 percent to 635,000 won a ton, Samsung Heavy said. The order backlog at South Korean yards reached a record $90.3 billion of vessels at the end of September, the South Korean Ministry of Commerce, Industry and Energy said Oct. 25. source: Bloomberg