28
Oct
05:37
Posco sees weak Korean demand
South Korea is likely to see demand in the current quarter fall sharply year-on-year, according to the Posco Research Institute (Posri) quoted in Posco’s latest quarterly results. Shipbuilding completions have soared, but automotive and construction markets are weaker, Kallanish notes.
Demand in the fourt quarter is expected to fall by -7.4% year-on-year to 13.2 million tonnes, Posri forecasts. Over the full year 2019 however that would still leave de…
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Anonymous
Very good overview of the weekly steel market.
Anonymous