Posco Cuts September Stainless Steel Prices as Nickel Drops

Base Metals Investing

Bloomberg reports the price of stainless steel will drop following a drop in the cost of nickel, a primary ingredient in the building material.

Bloomberg reports the price of stainless steel will drop following a drop in the cost of nickel, a primary ingredient in the building material.

The market news is quoted as saying,

Prices of 300-series hot-rolled coils will decline by 100,000 won ($92) a metric ton to 3.6 million won in September from this month, the Pohang, South Korea-based company said today in an e-mailed statement. Prices of 300-series cold-rolled products will be reduced by the same amount, or 2.5 percent, to 3.87 million won, it said.

For the complete market news, click here.

The Conversation (0)
MARKETS
COMMODITIES
CURRENCIES
×