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S.Korea POSCO to halt some plants due to trucker strike -company spokesperson -Breaking


© Reuters. FILE PHOTO – The POSCO logo is seen in Seoul’s corporate headquarters, South Korea on July 20, 2016. REUTERS/Kim Hong-Ji/File Photo

SEOUL (Reuters). – South Korea. POSCO (NYSE: ) stated Sunday that production will be halted at certain plants starting Monday. The reason is a glut in finished goods, which cannot be shipped because of strikes by truckers.

According to a spokesperson for the company, Pohang plants will be affected by this decision. However, Gwangyang steel plant production will not cease.