12
May
08:33
Posco decides to cut production
South Korea’s Posco has decided to make its first large-scale production cut since 2008 in the face of a decline in downstream demand, especially in the vehicle manufacturing industry, Kallanish notes.
In the short term, it is preparing to reduce production by 980,000 tonnes in May by limiting the utilisation rate of production lines for cold & hot rolled sheets. This involves 180,000 tonnes of lost output at the Pohang Work…
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Anonymous
Very good overview of the weekly steel market.
Anonymous