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  • 22-11-18

    Morocco to receive POSCO automotive steel: source

    (MENAFN) Morocco could receive automotive steel from POSCO, a steelmaker in South Korea, based on a request from France's Renault S.A.

    The request comes in line with the French carmaker's plan to achieve steel diversification, as unveiled on Thursday by a source close to the matter.

    According to the source, Renault was informed by the South Korean steelmaker of a holdup in formal talks related to the matter, with no instant strategy in entering the Moroccan market.

    The source assured that "POSCO could use Morocco as a gateway for exporting its steel products to Europe without tariffs as Morocco has free trade agreements with the EU."

    MENAFN2211201800450000ID1097732172

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