It’s reported that Korean steel giant Posco announced to cut its list prices for austenitic stainless steel coil by KRW400,000/ton for August.
Also, this is the first price cut for stainless coils made by the Korean steel giant since last October.
After the price cut, its list price for 304 grades hot rolled coils (HRC) cold rolled coils are at KRW3.1 million/ton and KRW3.37 million/ton respectively.
Besides, its list prices for 430 grades HRC and CRC are at KRW2.14 million and KRW2.52 million/ton respectively.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65668&division=A1
