Tag: South Korea: POSCO raises heavy plate prices by $82/t on sustained cost push

Steel giant POSCO has decided to increase heavy plate prices by KRW 100,000/t ($82/t) for Apr’22 sales. In Feb and March, the steel major raised heavy plate prices by KRW 30,000/t due to increased cost burden on rising raw material prices. For instance, benchmark Australian iron ore (Fe 62%) fines had jumped to around $150/t…