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POSCO’s stainless steel production & sales decline in 2020

9 Mar 2021 15:56 reported by Isora

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According to a report released by POSCO, a South Korean steelmaker, the firm produced totally around 1.8 million tons of stainless steel products in 2020, a drop compared with the 1.97 million tons of 2019.

Meanwhile, the quarterly production of POSCO in 2020 showed a continuous uptrend and finally arrived at 502,000 tons in the fourth quarter, a growth of 18.1% compared with the former quarter.

As for the whole year's sales, POSCO sold around 1.82 million tons of stainless steel products in 2020, compared to the figure at roughly 1.97 million tons in the previous year.

For crude steel production, POSCO's total crude steel production in 2020 was around 35.93 million tons, a year-on-year decline of about 5.5%.

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