POSCO has announced to raise its export price for stainless steel cold rolled flat by about USD 150 to USD 200 per tonne in response to high nickel costs and strong demands.
Meanwhile, it reported that its stainless steel exports during the second quarter increased to 308,000 tonnes by 27.8% QoQ as compared with the first quarter.
It also predicted that stainless steel price will remain high because of high nickel price and tight supply in ferrochrome.
Source: Steel Guru
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