South Korea: POSCO registers 5% y-o-y decline in CY’20 crude steel production

South Korea’s steel major POSCO has recorded crude steel production at 35.9 mn t in CY’20 against 38 mn t in the previous year. Production fell by 5% y-o-y, mainly due to flexible operation towards slow orders and revamp of Gwangyang No.3 blast furnace.