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Analysts also said that due to the impact of the price cuts of Baosteel and Taiwan's Sinosteel, Posco is also expected to adjust, but the decline is smaller than Baosteel and Sinosteel.
In particular, considering the use of ordinary steel products such as steel pipes as raw materials, the use of imported low-priced steel for production, Posco domestic ordinary steel sales prices may be threatened, it is estimated that Posco will reflect the differentiation strategy of ordinary steel and high-grade steel to Price policy.
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Baosteel and Sinosteel cut prices to influence Pohang policy
Taiwan's Sinosteel announced on the 25th that the price of hot coils was lowered by US$74/ton, and the decline of other steel products was also generally lower than that of Baosteel. Analysts at the Korea Stock Exchange believe that this adjustment is expected, but only the price of the already falling steel market is officially reflected in the company's price policy.