Pohang (Zhangjiagang)'s operating losses shrink in 2024
In 2024, the revenue of Pohang (Zhangjiagang) Stainless Steel Co., Ltd. (PZSS) continued to decline to 3.042 trillion Korean won, a decrease of about 9.4%, and a year-on-year decrease of nearly 13.9% in US dollars to 2.232 billion US dollars; The operating loss decreased by nearly 22.8% year-on-year to 129 billion Korean won, and by nearly 26.2% year-on-year in US dollars to 96 million US dollars.
In the fourth quarter of 2024, its revenue continued to decline to $519 million on a month on month basis, with a decrease of approximately 8.6% and 12.8% respectively; The operating loss reached $40.1 million, a decrease of nearly 2.2% year-on-year and an increase of nearly 82.3% month on month, marking the 11th consecutive quarter of operating losses.
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