POSCO has signed a deal to sell axle components to VinGroup as the steel manufacturer looks to diversify its customer base after a challenging 2020 so far. South Korea exports of automobile parts dropped by 54.1% year over year in Q2 as a result of COVID-19 related disruptions to supply chains. There’s since been a recovery of 9.4% in September. Improved Asia sales will help South Korea’s auto-parts makers diversify away from the U.S. Seaborne shipments to the U.S. from South Korea of automotive components fell by 19.1% year over year in September. That included a drop in shipments for H...
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