POSCO in South Korea improves the profit due to shifting to high value-added product and cost cut. Sales of steel stock in April-June decreased by 1.2% from January-March, but Cold rolled steel sheet sales increased by 1.8% to 3.411 million tonnes, and hot rolled steel sheet decreased by 3.9% to 1.971 million tonnes. Though average sales amount of common steel decreased by 0.4% from January-March to 926,000 won, profitable sales strategy,shifting to high value-added product, made the profit better .
Park pre-president said at press conference for settlement report on 24th, “新日鉄住金 will become a competitive rival to us in steel sheet field for automobile, but we can keep and expand sales level in Japan because steel Industries in Japan is diversifying supply source.