South Korean steelmaker POSCO has issued its sales and output targets for the current year.
Accordingly, in 2012 POSCO targets a total sales revenue of KRW 70.6-74.3 trillion ($62.3-65.6 billion), compared with KRW 68.9 trillion ($60.8 billion) in 2011. Meanwhile, the company's crude steel output and steel sales targets for 2012 are respectively 37.7-41.2 million mt and 35.4 million mt. In addition, POSCO also plans to invest a total of KRW 8.3-9.5 trillion ($7.3-8.4 billion) this year. Of the total investment, KRW 4.5-5.1 trillion ($3.97-4.5 billion) will be spent on upgrading of steelmaking equipment, compared with KRW 5.7 trillion ($5 billion) of the total investment figure of KRW 8.1 trillion ($7.15 billion) in 2011.