Korean Posco shuts down its cold rolling line
SteelOrbis is reported that; Korean
steelmaking giant mill Pohang Iron and Steel (POSCO) is going to shut down its cold rolling line in October for maintenance.
As a result; approximately 200.000 mts of hot rolled coils will be made available to the Korean local buyers. Obviously the Korean market is expected to cool down, and hot rolled prices soften.