22
Jul
12:21
Posco’s second-quarter production and sales drop
South Korean steelmaker Posco has unveiled lower steel production and sales volumes during its second-quarter earnings call last week, dragging down its operating profits along with surging raw material costs.
In Q2, Posco produced 8.54 million tonnes of crude steel, a decrease of 2.6% from Q1 and 9.5% from the same period last year, Kallanish notes. This was due to the revamping of the No.4 blast furnace at its Gwangyang plant which was completed in June. The fir…
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Anonymous
Very good overview of the weekly steel market.
Anonymous