POSCO reports Q1 2018 financial results

1Q domestic price trend was continuously strong from the 4Q 2017. Domestic steel prices are highly linked with Chinese prices, which peaked in December and then weakened ever since until it rebounded recently along with lowered inventories. Demand in Japan and the U.S. shows a sound trend which is helpful for POSCO for its price negotiation. Therefore, it seems that the market resistance on price increase in 2Q will be less likely especially considering that 2Q is the peak season.

Read more at 2018 1Q POSCO Earnings Release.


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