POSCO says to cut stainless steel prices for May

Newswire

SEOUL, April 28 (Reuters) - POSCO , the world's third-biggest steelmaker, said on Thursday that it will slash May prices for its stainless steel products for a second consecutive months, saying a dip in nickel prices and a firmer South Korean won have cut costs of the raw material. POSCO said in statement that hot-rolled and cold rolled stainless steel product prices would be cut by 100,000 won ($92.803) per tonne to 3.9 million won and 4.17 million won per tonne, respectively. ($1 = ...

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