[Concall] POSCO "Automotive Steel Sheet Demand to Rise 10% in H2 Compared to Q2... Negotiating Shipbuilding Heavy Plates"
[Asia Economy Reporter Hwang Yoon-joo] POSCO expects automobile product demand to increase by 10% in the second half of the year compared to the second quarter.
During the Q2 earnings conference call, POSCO stated, "The price of automotive steel sheets in the second half will be at the same level as in the first half," adding, "Demand for automobile-related products is recovering as it resumes from the fourth quarter."
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They continued, "As demand for automobile-related products increases, it will recover to the level of the first quarter," and added, "For products such as automotive steel sheets, even if product prices remain the same as in the first half due to the base effect, a price increase effect will occur."
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