20
Jul
10:33
Posco cuts August 300 series stainless steel prices
South Korean steelmaker Posco has decided to cut prices of its 300 series stainless steel by KRW 500,000/tonne ($381/t) in August this year, due to the recent decrease in nickel prices, Kallanish notes.
After the nickel price turmoil in early March, the high nickel price greatly stimulated the stainless steel market price in the second quarter. Due to US interest rate hikes, the Covid epidemic and worries about an economic downturn, nickel prices on…
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Anonymous
Very good overview of the weekly steel market.
Anonymous