Korea’s Posco is planning to remain its stainless steel export prices unchanged for October and November shipments as they see the market demand healthy. But the company will cut its domestic stainless prices slightly.

Posco increased its stainless steel products prices by 13 percent in September.

The company indicated that only China’s stainless mills are lowering prices on weak demand and large market inventory. The company also expected that nickel price will strengthen again by end of this year.

China’s major stainless steel mills planned to start maintenance from the end of September, aiming to reduced oversupply in the market.