Reportedly, Posco-Thainox, the subsidiary of Korean steel giant Posco in Thailand expects to boost its sales of cold rolled stainless steel products by 24% this year to around 190,000 tons, driven by increasing demand from its clients including home appliances makers and carmakers in Thailand, according to Posco.

Posco-Thainox will continue strengthen efforts in high-quality products for strategic customers in Thailand, Posco said.

Meanwhile, it’s learned that Posco-Thainox’s market shares exceeded 50% in Thailand’s domestic market.