Posco raises steel prices
The worlds fourth largest steelmaker based in South Korea said on Tuesday it will raise its hot-rolled steel prices by 11.5 percent, after other regional steel makers raised their prices.
The widely expected price increase would be the steel maker’s first for hot-rolled steel, POSCO’s key product, since July 2006.
Prices of hot-rolled steel will be raised to 580,000 won ($609) a tonne, up 60,000 won, effective from Feb. 1.
The South Korean steel maker also plans to raise cold-rolled steel prices by 65,000 won, or 10.8 percent, to 665,000 won a tonne.
Posted: January 22nd, 2008 under Steel News.
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Comment from JOSEPH R. EDDE
Time: March 26, 2008, 3:21 pm
Do you have an idea of the price increase of steel strips from November 2007 till March 2008 .
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