20
Oct
10:10
Posco suffers 71% plunge in Q3 operating profit
Posco Holdings on Wednesday estimated it would report a 71% year-on-year plunge in its third-quarter operating profit to KRW 900 billion ($629 million), Kallanish learns.
The figure also fell 57% on-quarter due to due to the Pohang mill’s first-ever suspension in its 49-year history. This was caused by Typhoon Hinnamnor in early September (see Kallanish passim).
“The operation disruption due to the flood caused one-off cost and ate into about KR…
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Anonymous
Very good overview of the weekly steel market.
Anonymous