POSCO's net profit fell by more than 28% in the first quarter.

Release time：Jun 27, 2019 From：admin

According to statistics released recently by POSCO, South Korea's largest iron and steel enterprise, POSCO's iron sales reached 1.601 trillion won ($13.488 billion) in the first quarter of 2019, an increase of 1.0% over the same period last year, but its operating profit was only 1.2 trillion won ($1.111 billion), a decrease of 19.1% compared with the same period last year and a decrease of 54.4% annually. % Net profit was 780 billion won, down 28.2% from the same period last year. It is reported that, in the same period, the operating profits of Korean modern iron and Shiya steel also declined year on year, and the Korean steel industry was in a deep depression.