Tag: oversupply in china

POSCO Stainless reports $130-mn operating loss in 2024 Acquisition to reshape competition in China’s SS space  China’s Tsingshan Holding Group has signed an agreement to acquire POSCO’s major stainless steel (SS) subsidiaries in China, including POSCO (Zhangjiagang) Stainless Steel Co., Ltd. and Qingdao Pohang Stainless Steel Co., Ltd. The transition will begin with Tsingshan’s management…