Tag: South Korea: POSCO
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South Korea: POSCO, Hyundai Steel plate sales drop in Jan’22 on production cuts
South Korea’s two major steel producers, POSCO and Hyundai Steel, witnessed a decline in sales volumes of external plates, both monthly and annually, in Jan’22. In Jan’21, total sales stood at 9.3 mnt, down 3.6% m-o-m and 11.4% y-o-y mainly due to decline in exports. Domestic sales stood at 635,000 tonnes in Jan’22, up 18.7%…