S Korean Shipbuilders Ask Posco to Raise Output

Friday, March 25, 2011

According to a report from The Wall Street Journal, South Korean shipbuilders have asked Posco to increase production of shipbuilding plates as a hedge against a possible shortage of materials from Japan. Domestic shipbuilders along with cold-rolled steel companies last week asked Posco to produce a combined 600,000 metric tons steel products for "possible emergency needs" in the coming months, a Posco spokesman said.

(Source: The Wall Street Journal)

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