SeAH Changwon Special Steel announced a reduction in prices of 300 series stainless steel bars by KRW 400,000/t ($308/t) and 316 series bars by KRW 500,000/t ($385/t) from 1July, 2022, as per a SteelDaily report. The company said that due to falling raw material prices such as nickel, prices of 300 and 316 series stainless steel bars have been lowered for July shipments.
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