[Asia Economy Reporter Hwang Yoon-joo] POSCO stated on the 26th during the Q1 2021 earnings conference call that "for the time being, steel supply will continue to lag behind global demand."



They added, "Supply is severely insufficient to meet steel demand in the United States and Europe, and export contracts are in the final stages until June," explaining that "product prices are also increasing, with hot-rolled coil prices rising up to $1,500."


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