02
Feb
11:47
Posco expects higher output and sales in 2021
South Korean steel producer Posco reported lower profits and steel production in 2020, due to the impact of Covid-19. However, with the resumption of consuming sectors in South Korea, such as automotive, the steelmaker expects higher steel output and sales in 2021, Kallanish notes.
The steelmaker produced about 35.93 million tonnes of crude steel in 2020, down -5.5% from 38.01mt in 2019. Posco attributes the lower production to steps to cope with a …
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Anonymous
Very good overview of the weekly steel market.
Anonymous