South Korea-based steel producer POSCO has kept its domestic stainless steel list prices stable for December orders as compared to price levels for November orders.
Accordingly, POSCO is still offering 304 series hot rolled coil (HRC) to its domestic market at KRW 3.2 million/mt ($3,019/mt), while its local prices for 304 series cold rolled coils (CRC) are at KRW 3.47 million/mt ($3,274/mt). In the meantime, the producer's domestic prices for 430 series HRC and CRC are still standing at KRW 2.14 million/mt ($2,019/mt) and at KRW 2.52 million/mt ($2,377/mt) respectively. All prices are on ex-works basis.
$1 = KRW 1,060