Reportedly, the Korean steel giant Posco is going to finalize the price negotiation with the major buyers for the third-quarter hot rolled coil (HRC) prices. It's said that Posco has sought to hike HRC prices by around KRW30, 000/ton due to increase steel prices in international market, higher raw material prices and weak profits.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66735&division=A2
