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Posco raises surcharges for tinplate while stainless steel price unchanged

20 Jun 2007 18:31 reported by Peter Tzeng

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In order to offset the increased material cost, South Korea Posco announced to lift the surcharge for tinplates (black-plate) with thickness under 3mm on 15 June. The new surcharge soared to between 21,000 wow and 61,000 wow per ton due to the cost difference by tinplate thickness.

On the other hand, although the nickel price keeps dropping recently, Posco will not adjust its stainless steel price at this moment.

Posco has increased the stainless price for four times during the period of nickel soaring but the current slipped nickel doesn’t become a reason for them to lower its stainless price. The South Korean market is expected to remain stable.

The stainless steel price offered by Taiyuan Iron & Steel (Tisco) to South Korea for August shipments keeps however unchanged as July’s price.

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