Cho: Steel is a cyclical industry and the positive trend will continue in the near future. However, I think the peak is clearly over. The global steel industry will stay balanced in the next two to three years but after that, we can experience some kind of recession.
India, too, will have to be ready for it as I believe that Indian manufacturing is not that well developed. Posco will concentrate on high quality steel and service sectors like automobiles and home appliances, which produce high quality products.
In a way, with our products, we will help manufacturing here go a few notches higher.
Epaper
Newsletter
Stocks
Weather
Horoscope
