News Room - Steel Industry

Posted on 29 Aug 2008

Posco plans no price cut for CR

South Korean Posco says it has no plans to decrease its price, after China's Baosteel cold rolled prices dropped for the fourth quarter.

Due to slower demand from auto and home appliance industries, Baoseel announced it would cut cold rolled prices on Monday.


The world's No.4 steelmaker said it would cut stainless prices by 10 percent, but the company has no similar plan for carbon steel.