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Posco sees global steel market improve in Q2

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Reportedly, South Korea steelmaker Posco predicted that the global steel market would improve in the second quarter of this year, citing the signal of steel market bottoming out these days.

As world third largest steelmaker by output, Posco planned to increase its steel capacity by 75% to 70 million tons by 2020.

The company said its operations are running at full capacity now and expects a record 38.3-million-ton output for 2012.
News Date 29 Mar 2012 13:56:47 reported by Brian Lu

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