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Posco leaves August stainless coil prices flat
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Reportedly, South Korean steel giant Posco announced to leave its prices for austenitic stainless hot rolled and cold rolled coil unchanged for August contracts.
Accordingly, its August prices for 304 grade hot rolled coils are at 3.3 million won/ton; that for 304 grade cold rolled coils is at 3.57 million won/ton.
Earlier, Posco pointed out that the nickel prices would remain weak during the third quarter of this year; however, the price cut will be limited since the nickel prices have almost touched the break-even-point for the stainless steelmakers.
News Date
7/30/2012 9:27:07 AM
reported by
Nann Cheng
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