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South Korea: POSCO’s Q2 crude steel output up 21% YoY

ABSTRACT

Pohang Iron and Steel Co Ltd (POSCO), a major steel producer in South Korea, reported its Q2CY’21 results today. Steel production and sales have increased y-o-y with an improvement in operating capacity during Q2CY’21. However, Q2 of both the years have been impacted by waves of Covid-19 and subsequent lockdowns or containment measures.
Major highlights are mentioned below 1. Crude steel output rises y-o-y-Crude steel production in Q2CY’21 stood at 9.448 million tonnes (mn t) as against 7.793 mn t in the same period last year, rising 21% on a y-o-y basis. Production volumes of hot rolled coils (HRC) stood at 2,52,000 tonnes (t),

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