POSCO stays world's No. 4 steel producer in 2008

SEOUL, Oct. 8 (Yonhap) -- POSCO, South Korea's leading steelmaker, remained the
world's fourth-largest steel maker in 2008 for the second consecutive year,
according to a global industry association on Thursday.
POSCO produced 34.7 million tons of crude steel last year, according to the World
Steel Association.
ArcelorMittal of Luxembourg was the world's biggest steel producer with output of
103.3 million tons, followed by Japan's Nippon Steel Corp. with 37.5 million tons
and Baosteel Group of China with 35.4 million tons, it said.
Four Chinese steel producers were ranked among the world's top 10 on the back of
China's drive to boost its steelmaking industry, according to the association.
Hebei Steel Group ranked the world's No. 5 steelmaker with output of 33.3 million
tons, and Wuhan Steel Group and Jiangsu Shagang Group took the seventh and the
ninth places, respectively, it said.
sam@yna.co.kr
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