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09 Jun
12:49

South Korean transport strike hits steel shipments

The imact of strikes in South Korea's transportation industry is widening across the steel industry, particularly hitting steel shipments, Kallanish notes. A insider of Posco told local media on Thursday that the company is unable to deliver more than 30% of its daily shipments from two plants due to the ongoing strike by unionized truckers. The steelmaker is working to ship a total of 35,000 tonnes steel each day, lower thsn its usual…
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