Industry
POSCO chief urges local players to boost competitiveness
Aug. 24, 2016
The chief of POSCO, South Korea's No. 1 steelmaker, said Wednesday that the local steel sector is facing trade tussles and weak demand, urging each steelmaker to step up their efforts to overcome such headwinds.At a forum held in Seoul, Kwon Oh-joon, chairman of POSCO, said the current environment for local steelmakers is "a global steel trade war.""The local steel sector is facing hurdles such as growing protectionism and weak demand (from local companies)," he said."The current situation tells