South Korea’s largest steelmaker Posco will increase its domestic prices for stainless products by 200 000 won per tonne to reflect higher nickel prices. The price of 300 series hot rolled and cold rolled stainless steel will rise to 2.62 million won from 2.42 million won and to 2.89 million won from 2.69 million won respectively, starting 7 June, the company announced.
