Author: Manya Dewangan
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South Korea: Market speculation rife that POSCO may announce sharp hike in stainless steel prices
Hot-rolled coil, plate prices may be raised Rising costs may lift cold-rolled prices too SteelDaily: Market speculation intensified on 9 January after rumours circulated across South Korea’s stainless steel industry that POSCO may raise stainless steel prices by KRW 200,000/t ($137/t). Participants indicated that the increase, if confirmed, could be implemented with immediate effect, particularly…