It’s reported that Korea’s Posco Specialty Steel (Posco SS) announced to remain its domestic prices for austenitic stainless wire rods and bars unchanged for August.
Also, it will keep its domestic prices for ferritic stainless rods and bars flat.
In fact, nickel prices have decreased over the past months but Posco SS still decided to keep its prices unchanged for August as the domestic prices for stainless steel products might slide if it cut prices for August.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65738&division=A1
