Steel major POSCO is set to raise its price offer in order
to improve its business. POSCO is also heard to have negotiating with buyers on
price to be offered.
Currently the market for 4.5 MM HRC is at $705/MT and that
of CRC 1-1.6 MM is at $905/MT.
Following the increase in prices of flat steel globally
POSCO might increase the prices of HRC and CRC-said sources.
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