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Tisco reduced the price of stainless steel

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Due to the weak demand of stainless steel in the domestic market of South Korea, South Korean Posco has lowered its price of 300 series for fourth time by 500,000 wow/ton(about US$533.6/ton)earlier.

Meanwhile, in order to response to this slow market, China’s Taiyuan Iron & Steel Group(Tisco)also decided to reduce their price of 304 material by US$200/ton for November delivery. The price after adjustment will be at the same level with that of Posco.
News Date 14 Sep 2007 18:46:21 reported by Lisa Yao

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