Tag: South Korea: POSCO to hike automotive steel sheet prices in H2CY’22

South Korean steel giant POSCO has decided to raise automotive steel sheet prices for delivery to some automakers in the second half of the current year. The quantum of the hike is not known; however, market participants are anticipating it to be around KRW 100,000/tonne (t). POSCO has plans to change the contract cycle for…