POSCO has lowered the price of 304 series stainless steel hot-rolled products to KRW 4.6 million per tonne, and for 304 series cold-rolled products to KRW 4.7 million per tonne in Jun’22 due to sluggish sales and low market sentiments. Soon after POSCO’s price revision, most of the major companies started selling 304 cold-rolled products at 4.2 million won per tonne in Jun, as per a SteelDaily report.
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