South Korea: POSCO's steel production, sales rises y-o-y in CY'23

South Korean steel giant, POSCO, released its CY'23 results on 31 January 2024. The company's annual crude steel production and sales volume showed growth y-o-y.

1) Crude steel production increases y-o-y: The company's crude steel production stood at 35.685 million tonnes (mnt) in CY'23, up 4% as against 34.219 mnt an year ago. 2) Sales up y-o-y: The company's sales went up by 3% y-o-y to 33.143 mnt in CY'23 in comparison with 32.144 mnt in the