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05 Dec
00:00

Koreas special steel map redrawn in double purchase

Posco finalised the sale of POSCO Specialty Steel to Korea’s largest special steel producer, SeAh Group, last week. The move follows the sale of Dongbu Special Steel to a consortium led by Posco rival Hyundai Steel and defines the battle lines for future competition in the country’s special steel sector, Kallanish notes. SeAh will be able to increase its finished special steel products output by 1 million tonnes/year to 4m t/y with the new capaci…
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