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Supply Chain

Posco to halt some plants as South Korea trucker strike continues

Follows automaker Hyundai Motor in cutting production lines

South Korean steelmaker POSCO says it is halting some of its operations due to a lack of space to store finished products, which have not been shipped due to a strike by truckers.   © Reuters

SEOUL (Reuters) -- South Korean steelmaker POSCO said on Sunday will halt some of its plants in the country due to a lack of space to store finished products, which have not been shipped due to a strike by truckers who are demanding higher pay as fuel prices surge.

POSCO follows automaker Hyundai Motor in cutting production lines as the strike by thousands of truckers disrupted cargo transport at the country's industrial hubs and major ports.

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