POSCO keeps July stainless steel prices unchanged to support market stability

South Korea's POSCO has decided to maintain stainless steel prices unchanged for July shipments, prioritising market stability despite persistent cost pressures. The move comes after the company increased prices for 300-series, 400-series, and 316L stainless steel products in mid-June.

Although London Metal Exchange (LME) nickel prices have declined in recent weeks, POSCO continues to face elevated production costs due to the strong Korean won-US dollar exchange rate, firm nickel pig iron (NPI) prices, and stable domestic stainless steel prices in China. Higher exchange rates have also increased the