S.Korea POSCO raises steel prices 6 pct from July

Newswire

SEOUL, June 22 (Reuters) - South Korea's POSCO , the world's No.4 steelmaker, said on Tuesday that it would raise prices of its benchmark steel products by around 6 percent from July to reflect rising global steel and raw materials prices. Hot-rolled steel would rise by 6 percent to 900,000 won ($765.4) per tonne from 850,000 won, it said in a statement. The rise comes about two months after it raised domestic product prices by 25 percent in late April, the first price adjustment by ...

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