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South Korea's POSCO steel prices stable in July

South Korea's POSCO steel prices stable in July

South Korean Pohang Iron and Steel recently announced its July 300 series and 400 series stainless steel factory price remained stable. Including 304 stainless steel hot and cold roll coil prices were 3.5 million won / t and 3.77 million won / ton, 430 stainless steel hot rolled and cold rolled prices were 2.14 million won / t and 2.52 million won / ton.

POSCO said that the current decline in raw material prices, July insured primarily low prices in order to avoid market price, but if raw material prices fall further, which in August stainless steel prices may have come down will follow.

Stainless steel often divided by organizational status: martensitic steels, ferritic steels, austenitic steels, austenitic - ferritic (duplex) stainless steel and precipitation hardening stainless steel. Addition, components can be divided into: chrome stainless steel, chrome-nickel stainless steel and chrome-manganese nitrogen stainless steel.

Bebon International offers 201,202,301,302,303 CU, 304,310,316,410 and other stainless steel.