South Korean POSCO’s Stainless Steel Production Rises In Q1 2018

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.