[Ferro-alloys.com] According to a report released by South Korea's Pohang Iron and Steel (POSCO), its stainless steel production in the first quarter of 2021 was 488,000 tons, an increase of nearly 1.5% year-on-year and a month-on-month decrease of nearly 2.8%; the sales volume of stainless steel was 480,000 tons, an increase of approximately 2.3 year-on-year. % (11,000 tons) and a month-on-month decrease of about 0.4% (0.2 million tons).

Crude steel production in the quarter increased by about 5.4% year-on-year and slightly decreased by about 0.2% month-on-year to 9.559 million tons. Steel production increased by about 22.6% year-on-year and decreased slightly by about 0.4% month-on-month to 8.92 million tons. Steel sales increased by about 2.2% year-on-year. The month-on-month decline was about 2% to 8.812 million tons (in which the proportion of domestic sales increased year-on-year but the month-on-month ratio fell to 57.4%, and the proportion of WTP product sales rose to 32.5%), and sales revenue increased by about 11.9% and 10.2% to 78,000 respectively. Billion won, gross profit increased by approximately 80.3% and 68.4% from the previous quarter to 1.334 trillion won, operating profit margin increased by approximately 7.2 percentage points and 6.4 percentage points from the previous month to 13.8%, and net profit increased by approximately 110.2% and approximately 110.2% from the previous month. From 192.9% to 952 billion won, the net profit margin increased by approximately 5.7 percentage points and 7.6 percentage points to 12.2% from the previous month.

The operating profit of the Group's domestic and overseas steel business during the quarter increased by approximately 248.3% and 96.8% from the previous quarter to 1.334 trillion won. Among them, the overseas steel business turned a profit from a year-on-year increase and increased by nearly 71% from the previous quarter to US$212 million. 

• [Editor:zhaozihao]