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Steel market recovery unlikely in 2012 - POSCO executive

Steel News - Published on Sat, 09 Jun 2012

A senior executive at South Korean steelmaker POSCO said that demand in the global steel market is unlikely to recover at least until the end of this year even after China\'s interest rate cut.

Mr Hwang Eun yeon, chief marketing officer of POSCO, said that \"We\'re not so optimistic about global economy even after China\'s rate cut, which is unlikely to provide a big support. It\'s difficult to expect the steel market to recover in 2012.\"

Source - Reuters


Posted By : admin on Sat, 09 Jun 2012
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