It is reported that South Korean POSCO Specialty Steel announced to remain the prices of austenitic stainless steel wire rod and bar unchanged for December 2011 shipments.

According to the official of the company, it decided to leave the prices of stainless steel long products unchanged for December 2011 deliveries due to sluggish purchasing activities in domestic market.

He added that the company will give some price adjustments to its clients because of the current uncertain market situation.

(Sourced from www.yieh.com)