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Posco cuts stainless steel domestic prices for June
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South Korean steel giant Posco announced to cut its domestic list prices for austenitic stainless hot rolled and cold rolled coils by 300,000 won/ton for June contracts but to remain its actual transaction prices unchanged.
After the adjustment, the firm’s latest domestic list prices for 304 grade hot rolled coils (HRC) are at 3.3 million won/ton and that for 304 grade cold rolled coils (CRC) is at 3.57 million won/ton. Meanwhile, the domestic list prices for 430 grade HRC and CRC remains flat at 2.04 million won/ton and 2.42 million won/ton.
Meanwhile, Posco will keep its existing product sales prices for June.
News Date
6/1/2012 9:26:13 AM
reported by
Nann Cheng
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