Friday, December 17,
POSCO, the world’s No.3 and South Korea’s No.1 steelmaker, is likely to keep domestic prices of its key steel products unchanged in the first quarter of next year, company sources said.
Some of POSCO’s rivals, however, are raising prices for early next year.
South Korea’s No.2 steelmaker Hyundai Steel Co said on Thursday that it would increase export prices of major products for January and February. The rise would continue as iron ore imports for the first-quarter were expected to cost 7-8 percent more, at least.
China’s third-largest steel mill Wuhan Iron & Steel Co Ltd will increase steel product prices by 100-150 yuan per tonne ($15-22.50) in January, indicating a positive outlook for demand.
Source: Reuters
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