South Korea: POSCO’s crude steel output stable, sales decline in Q1 CY ’21

South Korean steel major – POSCO has released its Q1 CY ’21 results today. Let’s take a look at the operational highlights:

Production

• Crude steel production reached 9.55 mn t, stable q-o-q, to meet the current demand despite maintenance and less working days.
• Capacity utilization rate increased to 95.3% against 89.6% in Q1 CY ’20.

Sales

• Steel product sales dropped by 2% q-o-q to 8.81 mn t.