Posco plans to increase production of 400 series stainless steel in 2011
South Korea’s Posco, the third largest steelmaker in the world, plans to increase its production of 400 series stainless steel to meet the strong demand in 2011.
It’s said that Posco is likely to decrease the output of 300 series and increase that of 400 series to offset of higher nickel prices at this moment.
Meanwhile, Posco predicted that the company’s total stainless steel crude steel production is about 1.8 million tons this year.
There is no any further schedule to reveal for next year.