South Korea-based steel mill
POSCO has not changed its domestic austenitic
stainless steel and its ferritic
stainless steel list prices for December orders from November levels.
Accordingly,
POSCO is still offering 304 series hot rolled coil (HRC) to its domestic market at KRW 3.5 million/mt ($3,232/mt), while its local prices for 304 series cold rolled coils (CRC) are at KRW 3.77 million/mt ($3,481/mt). In the meantime, the producer's domestic prices for 430 series HRC and CRC are still standing at KRW 2.04 million/mt ($1,884/mt) and KRW 2.42 million/mt ($2,235/mt) respectively. All prices are on ex-works basis.
$1 = KRW 1,083