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24 Feb
11:07

South Korea steelmakers increase output on higher demand

As demand is recovering faster than expected from the automotive, shipbuilding and construction industries, South Korean steel producers have raised steel prices and increased production, Kallanish notes. According to steel industry sources on Wednesday, South Korean steelmaker Posco is postponing repair work at its No.3 cold-rolled steel plant in Gwangyang from 8-13 March to April, to meet growing demand. Cold-rolled steel is used to produce automotive, home…
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