POSCO confirms raising May stainless steel prices

Newswire

SEOUL, April 28 (Reuters) - South Korea's POSCO , the world's No. 4 steelmaker, said it will raise prices of stainless steel products for a fourth straight month on rising raw material costs, confirming an earlier local report on Wednesday. POSCO will raise May prices of hot-rolled stainless steel products by 300,000 won or 8.5 percent to 3.85 million won ($3,468) a tonne, and cold-rolled product prices will also rise by 300,000 won or 7.9 percent to 4.12 million won a tonne. The price ...

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