Korean Posco is expected to continue its production cut through the current quarter, due to the uncertainty about a recovery in steel prices, its CEO said on Monday.
The company has announced its first-ever production cut last month by cutting output by 200,000 tons in December and by 370,000 tons in January.
The cuts average around 10 percent of monthly production and 2 percent of its annual output. Source: Yieh.com
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Wednesday, January 14, 2009
12:32 |
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