South Korea: POSCO crude steel output fell by 14% in Q2 CY’20

POSCO crude steel production stood at 7.79 mn t in Q2 CY’20 down significantly by 14% in comparison to 9.06 mn t in previous quarter. Meanwhile on yearly basis the same declined by 17% against 9.4 mn t in Q2 CY’19. Production fell due to dull demand & postponement of restart of Gwangyang#3 blast furnace.


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