Korean steel giant Posco announced to leave its domestic list prices for austenitic and ferritic stainless steel coils unchanged for March.

Posco stated that it decided to roll over its stainless coil domestic prices for March due to the weak nickel prices and sluggish demand in Korean domestic market.

After the price announcement, the company’s list prices for 304 grade hot rolled coils (HRC) and cold rolled coils (CRC) are at KRW3.5 million/ton and KRW3.77 million/ton.

Meanwhile, its list prices for 430 grade HRC and CRC are at KRW2.04 million/ton and KRW2.42 million/ton respectively.