South Korea's Pohang Steel's stainless steel production and sales in the second quarter of 2019 fell by the same period

Release time：Sep 02, 2019 From：admin

South Korea's Posco Steel (POSCO) released a report showing that in the second quarter of 2019, its stainless steel output was 466,000 tons, down 6.4% and 12.7% from 498,000 tons in the previous quarter and 534,000 tons in the same period of last year. Its stainless steel sales volume was 448,000 tons, down by about 11.5% and 15.2% from the previous season's 506,000 tons and 528,000 tons in the same period of last year; the average price of stainless steel increased by 99,000 won/ton.

In the same quarter, its crude steel output increased by 9.44 million tons compared with the previous month, while steel production decreased to 8.855 million tons due to production line maintenance; steel sales volume was 8.746 million tons, of which sales to both domestic and foreign markets were the same. The chain ratio decreased, the domestic ratio decreased year-on-year and rose to 57.4%, the world's top quality products (WTP) accounted for a year-on-year decline and the chain fell to 29.6%; its sales fell to 7.476 trillion won in the same period; despite carbon steel, stainless steel The selling price increased due to the depreciation of the Korean won, but its operating profit fell to 724 billion won as a result of the decline in sales volume and raw material prices, and its operating profit margin also fell to 9.7% from the previous month; its net profit fell to 545 billion from the previous month. In South Korea, the net profit margin fell to 7.3% from the previous month.