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South Korea: POSCO's Q1 CY '21 key takeaways

ABSTRACT

Pohang Iron and Steel Co. Ltd. (POSCO), a major steel producer in South Korea, reported its Q1 CY ’21 results today. Steel production and sales have increased y-o-y with an improvement in operating capacity during Q1 CY ’21.
Major highlights are mentioned below- 1. Crude steel output rose y-o-y-Crude steel production in Q1 CY ’21 stood at 9.559 mnt as against 9.066 mn t in the same period last year, rising by 5% on a y-o-y basis. Production volumes of HRC stood at 2,36,000 tonnes, Plates at 49,000 tons,

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