Tag: S.Korea: POSCO to raise 300-series stainless prices in October

POSCO will raise 300-series stainless steel prices by KRW 50,000/t ($36/t) in October, citing a weak won above KRW 1,400 per dollar, elevated nickel, chrome, molybdenum costs, and global uncertainty. The move aims to restore market balance after intense price competition; POSCO will closely monitor exchange rates, raw materials, and supply-demand dynamics.