More S Korean steel production cuts to follow if trucking strikes continue - sources

Strikes by truck drivers in South Korea’s major steelmaking hub of Pohang may result in further decreases in steel production if prolonged, market participants told Fastmarkets on Tuesday June 14.

Truck drivers are demanding minimum pay guarantees in the face of surging fuel prices. Cumulative financial losses due to the strikes totaled $1.2 billion across the automotive, steel, petrochemical, and cement...


Paul Lim

June 14, 2022

05:40 GMT