Posco to increase stainless prices

South Korea’s POSCO said Monday it would raise domestic prices of stainless steel by up to 7.1 percent in its second price hike in just one month to reflect improving demand and rising raw material costs. POSCO, the world’s No.6 steelmaker, said prices of hot-rolled stainless steel would rise by 7.1 percent, or 200,000 won, [...]