POSCO increases stainless steel prices

Wednesday, 21 July 2004 14:13:23 (GMT+3)   |  

POSCO increases stainless steel prices

South Korean steel producer POSCO has recently announced that it will increase domestic prices of stainless steel by 2.9-8.2% to be effective with orders as of July 28. Accordingly, price of 300 series stainless steel will increase to Won 2.6 million ($2'243) from Won 2.43 million. The price of cold rolled steel will increase from Won 2.91 million to Won 3.1 million ($2'674). The prices are stated to be increased due to nickel prices, which have reached around $15'000 per ton levels in recent times.

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