S Korean Shipbuilders Ask Posco to Raise Output

According to a report from The Wall Street Journal, South Korean shipbuilders have asked Posco to increase production of shipbuilding plates as a hedge against a possible shortage of materials from Japan. Domestic shipbuilders along with cold-rolled steel companies last week asked Posco to produce a combined 600,000 metric tons steel products for "possible emergency needs" in the coming months, a Posco spokesman said.