[Concall] POSCO "Iron Ore Prices Expected to Stabilize in H2... No Sharp Drop Anticipated"
[Asia Economy Reporter Hwang Yoon-joo] POSCO stated on the 26th during the 2021 Q1 earnings conference call that "iron ore prices in the second half of this year are expected to be stable compared to the first half and will not experience a sharp decline."
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POSCO explained, "On the supply side, iron ore supply from Brazil and South Africa, which had somewhat decreased, is expected to increase, while on the demand side, production cuts are inevitable due to China's environmental regulations."
This content was produced with the assistance of AI translation services.
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