South Korea: POSCO freezes stainless steel prices for September contracts

POSCO has decided to freeze stainless steel prices for Sept’22 in order to stabilise the domestic market, as per SteelDaily. The company seeks to protect the stainless steel industry by flexibly adjusting the supply of products. In addition, the steelmaker plans to closely monitor the quantity and price of imported products that disturb the domestic market price.


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