20
Jul
12:16
Posco: weak Q3 demand offset by cheaper materials
South Korean steel demand could shrink slightly in Q3 on lower automotive and shipbuilding output, Posco predicts. A drop in raw materials prices, notably quarterly coking coal prices, should be good for the company’s profits however, Kallanish notes.
In South Korea, Posco expects demand in Q3 to fall to 14.1 million tonnes, from 14.6m t in Q2 and down -7.1% year-on-year. It adds that exports and imports should be flat at 19m and 2.9m t respectively, while…
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Anonymous
Very good overview of the weekly steel market.
Anonymous