29
Jul
10:30
Posco produces less but revises up output guidance
South Korean steelmaker Posco reported 9.45 million tonnes of crude steel output in the second quarter, down 1.15% on-quarter but up 21% year-on-year, Kallanish notes.
Although crude steel output was impacted by maintenance, Q2 finished steel production and sales stood at 9.02mt and 8.999mt respectively, up 1.12% and 2% q-o-q. The company was able to operate at a utilisation rate of 93.2% against 95.3% in Q1.
Realised carbon steel prices meanwhile rose 18% q-o-q …
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Anonymous
Very good overview of the weekly steel market.
Anonymous