POSCO Posts Record Sales Amid Global Economic Recovery

  • By Kim Kang-han

    January 13, 2022 11:38

    POSCO achieved record sales and operating profit last year amid a boom in the steel market.

    The steelmaker said on Wednesday that consolidated sales totaled W76.4 trillion in 2021, while operating profit reached W9.2 trillion (US$1=W1,191).

    This is the first time POSCO has reported annual sales of more than W70 trillion and operating profit surpassing W9 trillion. Sales rose 32.1 percent year-on-year, while operating profit soared 283.8 percent.

    Its previous revenue record was set in 2011 when sales reached W68.9 trillion, while operating profit previously peaked at W7.2 trillion in 2008.

    The bumper performance was attributed to surging steel demand as countries around the world tried to revive their pandemic-hit economies.

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