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23 Oct
01:00

South Korean steel consumption shows strong annual growth, slows in Q4: Posco

South Korea’s Posco expects Korean domestic steel consumption to lift only marginally in the fourth quarter. This still means however that the country is on course to use 8% more steel year-on-year in 2014. Both domestic crude steel output and steel imports have risen as a consequence as have exports, Kallanish observes. The company’s own research institute Posri estimates that annual nominal steel consumption in Korea will rise from 51.8 million…
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