POSCO, a South Korean steel manufacturer, maintained the price of stainless steel in August to stabilize the market, according to comprehensive media news on August 1, 2023.
The company made the decision to reduce production in the third quarter to alleviate supply and demand pressures during the off-season in the domestic market.
POSCO anticipates that the market will become more volatile in the future, so it intends to stabilize the Korean market by establishing pricing policies for different industries.
Comments