The Korean steel giant Posco announced to hike its list prices for austenitic stainless coil prices by KRW100,000/ton for September.
After the adjustment, its list prices for 304 grades hot rolled coils (HRC) and cold rolled coils (CRC) are at KRW3.2 million/ton and KRW3.47 million/ton respectively.
However, it remained its list prices for ferritic stainless unchanged for September, making its prices for 430 grades HRC and CRC at KRW2.14 million/ton and KRW2.52 million/ton respectively.