POSCO not to ban Baosteel from entering South Korean local market
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Tuesday, 07 Feb 2012
POSCO indicates that they cannot block Baosteel to enter the South Korean market, and it is unnecessary to block.
On February 3rd 2012, POSCO enterprise seminars said Baosteel will threaten the South Korean steel market if they position into local market through South Korean GM dealers
Baosteel also would like to develop the steel plate channel for auto industry in South Korea. However, POSCO is not really concerned about the issue because they have strong competitiveness in this field.
(Sourced from www.yieh.com)
