【ferro-alloys.com】

  According to the report released by POSCO, the total output of stainless steel in 2020 will reach 1799000 tons, which is lower than that of the previous year's 19.97 million tons and 2033000 tons in 2018. Quarterly, output rose quarterly after the first quarter, reaching the highest of 502000 tons in the fourth quarter (up about 18.1% on month).

  The sales volume of stainless steel in the whole year was 1819000 tons, which was lower than 1968000 tons in the previous year and 2.01 million tons in 2018.

  The crude steel production in the whole year decreased by nearly 5.5% to 35934000 tons, the steel production decreased by nearly 4.1% to 34437000 tons, and the steel sales decreased by nearly 4.8% to 34.27 million tons (the domestic sales proportion rose to 55.4%, the sales proportion of WTP products decreased to 26.7%), the sales revenue decreased by 12.7% to 2651 million won, the operating profit rate decreased by 4.2 percentage points to 4.3%, and the net profit rate decreased by about 0.2% to 3.64%.

  The operating profit of the group's domestic and foreign steel business decreased by nearly 55.2% to 1.205 trillion won, of which, the overseas steel business turned to a profit of 3 million US dollars year-on-year.

• [Editor:Catherine Ren]