Tag: market revival
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South Korea: POSCO freezes stainless steel prices for Sep’24 deliveries
POSCO has frozen stainless steel prices for Sep’24 deliveries amid stable raw material costs and rising non-ferrous metal prices, driven by expectations for a US interest rate cut. Despite a seasonal trading slowdown and the upcoming Chuseok holiday, reduced imports and potential positive outcomes from Vietnamese AD reviews offer hope for a market revival. POSCO…