Market speculation increased on January 9 after reports circulated in South Korea’s stainless steel industry that POSCO may raise stainless steel prices by around KRW 200,000 per ton (approximately US$137/ton). While POSCO has not issued an official announcement yet, industry participants believe the increase—if confirmed—could take effect quickly and mainly impact hot-rolled coil (HRC) and thick plate first. This rumor has made buyers and distributors across the supply chain more cautious, especially as many customers want to avoid being caught by sudden mid-month adjustments.
Hot-Rolled Coil and Plate Could Move First, Cold-Rolled May Follow
Industry sources noted that POSCO has carried out mid-month price revisions in past cycles, which is why the market is taking the rumor seriously. With raw material costs still high and nickel prices remaining firm, many participants expect any hot-rolled increase to eventually push up cold-rolled stainless steel prices as well, because conversion costs rise when upstream input prices move higher. Some buyers have already shown early purchasing interest as a hedge, though the market remains on the sidelines until POSCO confirms timing and product coverage.
Taiwan and China Stainless Steel Prices Are Also Increasing
This potential move in South Korea comes at a time when stainless steel prices in both Taiwan and China are trending upward. In Taiwan, mills have been adjusting prices to reflect higher costs and shifting demand expectations. In China, tightening supply conditions and cost support from nickel and upstream materials have also contributed to firmer stainless pricing. With multiple Asian markets moving in the same direction, buyers are paying closer attention to price signals from major producers, especially when a single announcement can quickly affect regional offers.
What Buyers Should Watch Next
For stainless steel importers and project buyers, the next key factor is official confirmation from POSCO. If POSCO announces an immediate hot-rolled increase, the market may react quickly, and stainless prices in the region could strengthen further. At the same time, downstream demand will still be a key variable—price increases are easier to sustain when end-user consumption improves.
At YES Stainless International, we monitor stainless steel pricing trends across Taiwan, China, and global markets to help buyers secure a stable supply and plan sourcing with better visibility. If you have upcoming projects and want the latest stainless steel price guidance, feel free to contact our team.
