Mar 22, 2011

South Korean Shipbuilders Ask Posco to Raise Output



South Korean shipbuilders have asked Posco to increase production of shipbuilding plates as a hedge against a possible shortage of materials from Japan, the companies said Tuesday.
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.
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Source: The Wall Street Journal

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