According to a report released by POSCO, the output of stainless steel in the first quarter of 2019 was 498,000 tons, higher than 467,000 tons in the previous quarter and 494,000 tons in the same period last year; the sales of stainless steel in the first quarter were 506,000 tons, higher than 446,000 tons in the previous quarter and slightly lower than 510,000 tons in the same period last year; That’s down 22,000 won/ton. In addition, its crude steel output grew year-on-year and fell to 9.406 million tons annually, while steel output decreased year-on-year and increased annually to 9.040 million tons; mainly due to export growth, its steel sales increased annually to 9.283 million tons, but slightly decreased year-on-year. Among them, the domestic share fell to 55.3% annually, and the world’s top quality products (WTP) accounted for. Its sales increased to 7.817 trillion won in the same period; its operating profit fell to 833 billion won because of the decrease in the price of carbon steel and stainless steel, and its operating profit rate also fell to 10.7% in the same period; its net profit reached 671 billion won, which was a year-on-year decline and turned around losses.
Post time: Jun-06-2019
