Tag: South Korea: POSCO to increase HRC prices by KRW 100

South Korea’s leading steel mill, POSCO is planning to increase hot rolled coils (HRC) prices by KRW 100,000/t ($81/t) for Apr’22 sales. POSCO had lowered coil prices by KRW 50,000/t ($41/t) each in Dec’21 and Jan’22, but due to increased cost burden, the steel major raised HRC prices by the same quantum in March and…