Fri May 27, 2011 9:31am GMT
SEOUL May 27 (Reuters) - POSCO , the world's third-biggest steelmaker, will lower prices of its major stainless steel products by 300,000 won ($275.36) a tonne for June, a company spokesman said on Friday, reflecting a recent fall in nickel prices.
Its June prices of hot-rolled and cold-rolled stainless steel products would be cut to 3.6 million won and 3.87 million won per tonne, respectively. ($1 = 1089.500 Korean Won) (Reporting by Ju-min Park; Editing by Jacqueline Wong, Thomson Reuters)
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