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Source: MetalBiz

POSCO adjust down stainless steel price for December

Published: 01 Dec 2009 01:12:24 PST

December 1 MetalBiz--It is reported that under the impact of soft steel price around the world and low price in S.Korea domestic market, POSCO will adjust down stainless steel price for December, a drop of 200,000 Won per ton.

 

POSCO said in a statement that the HR stainless steel price for December will decrease to 3.05mln Won per ton and CR stainless steel offer will fall to 3.32mln Won per ton.

 

After adjusted prices for three-consecutive-month, POSCO did not change prices in November and the domestic demand presented a slight growth, but from the global markets, the demand was still sluggish overall.

 

POSCO said that “supported by nickel price, oversea steel mills are trying to take measures such as production or price cut, the global stainless steel market is predicted to recover gradually”.

 

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