POSCO to lower stainless steel prices for July

Newswire

SEOUL, June 28 (Reuters) - South Korea's POSCO , the world's No.4 steelmaker, said in a statement on Monday that it would lower prices of major stainless steel products by 300,000 won ($246.9) per tonne for July to narrow the price gap with imports. From next month, POSCO's hot-rolled stainless steel products would be priced to 3.35 million won per tonne from 3.65 million won, and cold-rolled product prices at 3.62 million won from 3.92 million won, an official at the country's top ...

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