[Concall] POSCO "Performance Improvement in China and Vietnam from Q3... India Expected to Improve in Q4"
[Asia Economy Reporter Hwang Yoon-joo] POSCO announced on the 21st that the performance of its subsidiaries located in China, Vietnam, Turkey, and Thailand is expected to improve starting from the third quarter of this year.
A POSCO official stated during the second-quarter earnings conference call, "The Turkish government raised the existing tariff from 10% to 17%, and with product processing taking place within the region, performance improvement is expected in the second half of the year. Vietnam is also expected to see better results as cost reduction and sales expansion are achieved through full-scale cooperation with Japan's Yamato."
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However, the official added, "India's lockdown measures continue, so the operating rate is expected to return to normal levels in the fourth quarter."
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