Market sources state that South Korea-based steelmaker POSCO has announced its domestic list prices for May production stainless steel. The mill has raised its prices for 304 series materials by KRW 200,000/mt ($194/mt) as compared to its prices for April production stainless steel citing higher nickel quotations, while it has kept its 430 series stainless steel prices unchanged.
POSCO's current prices are as follows:
Product | Price (KRW/mt) Ex-works | Price ($/mt) Ex-works |
304 stainless steel HRC | 3,200,000 | 3,100 |
304 stainless steel CRC | 3,470,000 | 3,362 |
430 stainless steel HRC | 2,140,000 | 2,073 |
430 stainless steel CRC | 2,520,000 | 2,441 |
The offers exclude 10 percent VAT.
$1 = KRW 1,032.18