[Concall] POSCO "Steel Prices to Remain Strong for a While... Auto Demand Also Expected to Rise"
[Asia Economy Reporter Hwang Yoon-joo] POSCO stated on the 26th during its Q1 2021 earnings conference call that "steel prices are expected to remain strong for the time being."
POSCO explained, "It is difficult to secure inventory in the market, domestic inventory is low, and China's inventory levels are also trending lower from March to May," adding, "The automotive industry is experiencing an increase in steel demand after hitting a low this year."
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They continued, "Although the automotive industry faces the variable of semiconductor shortages, demand is expected to remain strong in the second half of the year."
This content was produced with the assistance of AI translation services.
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