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09 Jan
11:01

Posri forecasts strong Asian automotive market to 2027

The outlook for automotive manufacturing in East and Southeast Asia is positive in the years through 2027 and will continue to boost steel demand, according to the Posco Research Institute (Posri). Over 2016-2020, only Korea is expected to see automotive output contract among all major Asian economies, Kallanish notes. According to the outlook given by Posri and the Korea Automotive Manufacturers’ Association (Kama), China will continue to contribute the m…
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