Tuesday , January 26 2021

POSCO will exceed the profit of 1 trillion trillion KRW for 8 consecutive quarters

On POSCO consolidated basis
Profit from operations exceeded 1 trillion won for 8 consecutive quarters,
The OP margin was worse than the previous quarter.

POSCO had business information on April 23
2Q consolidated sales of KRW 16,320 trillion,
Operating profit of 1.68 trillion KRW,
Net profit amounted to 681.4 billion euros.

However, the volume of sales is decreasing and raw materials
The OP margin decreased by 1% QoQ

POSCO is in the process
Due to the incentive effect of China
The demand for steel in China will improve somewhat
We expect global growth in demand for steel to slow down.

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