Saturday, October 30,
South Korea’s POSCO , the world’s No.3 steelmaker, said on Thursday it would raise prices of its major stainless products for a third straight month on rising raw material costs.
The company said November prices of hot-rolled stainless steel products would rise by 100,000 won, or 2.7 percent, per tonne to 3.8 million won ($3,363) from October.
Shares in POSCO ended down 1.27 percent on Thursday versus a 0.1 percent fall in the wider market.
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