European steel companies merge or affect Korean steel exports

    Recently, Lim Chung-sung, a senior researcher at POSCO, pointed out in a report that ArcelorMittal's acquisition of Ilva Steel in Italy will exacerbate its competition with Tata Steel in the European market, this may have some impact on Korean steel exports.

    Lim believes that in the future ArcelorMittal's acquisition of Ilva Steel is likely to resume its production after the ArcelorMittal acquisition, which will affect Italy's steel imports.Lim also cautioned that South Korea's steel industry should pay attention to changes in the competitive structure of the European market caused by the European steel prices.