Tag: South Korea: POSCO to reduce prices of HR products by KRW 100000/t ($76/t) for August sales

Steel major POSCO is likely to reduce prices of hot-rolled (HR) products by KRW 100,000/t ($76/t) for August sales. An official announcement is yet to be made, though. The steel major shall take growing demand and the sharp fall in prices of imported HR products into consideration. China’s HRC (SS400) export offers stood at $700/t…