S.Korea's steel shares fall amid demand worries

KG DongbuSteel

28/03/2018 01:31

** Shares of South Korea's steelmakers down on demand
worries
    ** Though uncertainties over U.S. tariff came to an end as
Seoul and Washington agreed on revised trade deal on Monday,
there are worries that steel demand from auto manufacturers
would decline, said Lee Jae-won, an analyst at KB Securities
    ** The United States and South Korea agreed to revise a
trade pact sharply criticised by U.S. President Donald Trump,
with U.S. automakers winning improved market access and Korean
steelmakers avoiding hefty tariffs under quota  urn:newsml:reuters.com:*:nL3N1R819V
    ** The sub-index for iron, steel and metal  .KS34  down 2.2
pct with Posco  005490.KS  and Dongbu Steel  016380.KS  both
falling nearly 4 pct
    ** Broader market  .KS11  down 1 pct as of 0025 GMT

 ((Reuters Messaging: dahee.kim@thomsonreuters.com))