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South Korean steel producer POSCO has projected they will produce 36.5 million mt in 2022, down from approximately 38.2 million mt, or 4.7%, in 2021. The company believes that their production will be lower due to carbon emissions cuts. However, market impact is likely minimal. POSCO was the world’s sixth-largest producer in 2020, according to World Steel. (2/2/2022)
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Note: Clients with AEGIS Platform access can see this and other research, plus hedge portfolio reporting and tools here. |
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Price Indications |
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Today's Charts |
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AEGIS Insights |
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01/26/2022: AEGIS Factor Matrices: Most important variables affecting metals prices 01/10/2022: Section 232 Tariffs: Most relevant developments (AEGIS Reference) 11/30/2021: Will the Omicron COVID Variant Impact South African Metals Production or Exports? |
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Important Headlines & Economic Data |
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AISI Steel Capability Utilization Rate Investing.com Economic Calendar 1/31/2022: POSCO projects 5% drop in 2022 crude steel output 1/28/2022: Teck Resources’ QB2 to cost up to $500m more than planned |
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| Important Disclosure: Indicative prices are provided for information purposes only, and do not represent a commitment from AEGIS Hedging Solutions LLC ("Aegis") to assist any client to transact at those prices, or at any price, in the future. Aegis makes no guarantee to the accuracy or completeness of such information. Aegis and/or its trading principals do not offer a trading program to clients, nor do they propose guiding or directing a commodity interest account for any client based on any such trading program.
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