Posco's Crude Steel Production Decreases by 279,000 tons in the First Quarter

    Posco’s production and operation data released recently showed that in the first quarter of this year, Posco’s crude steel production decreased by 279,000 tons from the previous quarter to a total of 9.288 million tons, but the output of finished steel increased by 114,000 tons during the same period. It reached 9.072 million tons.In the first quarter, POSCO’s high-end steel sales accounted for 54.9 percent of its global sales, which was an increase of 4.1 percentage points from the previous quarter, and its target for this year is 57%.

    In the first quarter, Posco's product prices increased by an average of 6,000 won per ton, of which stainless steel products increased by an average of 103,000 won per ton. This year, Posco will focus on the domestic market. Its goal is to increase its domestic market share to 60% during the year.

    Posco predicts that the price level of iron ore and coking coal in the second quarter will be lower than the first quarter. Among them, iron ore price is expected to be 65 US dollars / ton ~ 70 US dollars / ton, coking coal prices are expected to be 180 US dollars / ton ~ 190 US dollars / ton.