South Korean POSCO’s Stainless Steel Production Rises In Q1 2018
POSCO produced around 960,000 tons of stainless steel in the first quarter this year, up by 50.4% year on year. But the sales value of stainless steel production fell by 2.9% to around 2.5 trillion won over the same period a year ago.
In 2017, POSCO’s performance in stainless steel increased significantly. The production of stainless steel reaching around 2.7 million tons, up by 4.9% year on year. The sales value reached around 10 trillion won, up by 8.6% year on year.
In 2017, POSCO’s domestic sales value of stainless steel was around 2.5 trillion won, an increase of 9.1% compared to 2016; the overseas sales value rose by 7.7% year on year to around 7.5 trillion won.