14
Apr
06:19
Posco pushes overseas investment despite Covid-19
The recession triggered by Covid-19 has hit the Korean steel industry, but Posco has said that it will continue to invest in its steel plants in Vietnam and Indonesia, Kallanish notes.
Posco will invest a total of KRW 21.2 billion ($17.5 million) in its Vietnamese subsidiary SS VINA in the next three years, and plans to implement KRW 11.1 billion of investment this year. This investment is to rearrange its sections’ production line and improve oper…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous