The Korean steel giant Posco announced to raise its list prices for ferritic stainless hot rolled coils (HRC) and cold rolled coils (CRC) by KWR100,000/ton respectively for May in order to reflect higher ferrochrome prices.
Meanwhile, the company decided to remain its list prices for austenitic stainless HRC and CRC unchanged for May.
After the price announcement, its list prices for 304 grades HRC and CRC are at KRW 3.5 million/ton and KRW3.77 million/ton. Its list prices for 430 grades HRC and CRC are at KRW2.14 million/ton and KRW2.52 million/ton.