The Korean steel giant Posco announced to remain its list prices for austenitic and ferritic stainless coils prices unchanged for December.
Posco stated that it decided to keep its stainless steel prices unchanged for December as it considered that any change would further dampen market prices, in spite of lower nickel prices in November.
After the announcement, its prices for 304 grade hot rolled coils (HRC) are at KRW3.2 million/ton; those for 304 grade cold rolled coils (CRC) KRW3.47 million/ton.
Meanwhile, the prices for 430 grade HRC and CRC are at KRW2.14 million/ton and KRW2.52 million/ton respectively.