POSCO raises stainless steel prices

Friday, 05 May 2006 13:43:58 (GMT+3)   |  
South Korean steel giant POSCO hiked its prices for stainless steel products as much as 9 percent effective as of May 3, 2006. The producer increased prices of stainless steel hot rolled products by 9 percent and that of stainless steel cold rolled products by 8 percent. POSCO produces about 1.8 to 2 million tons of stainless steel per annum.

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