SOUTH KOREA
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<i> Times Staff and Wire Reports</i>
GM to Buy South Korean Steel: Seoul-based Pohang Iron & Steel Co. said it will sell steel sheets to General Motors Corp. to make car body panels on a trial basis. “GM and Posco are due to sign a long-term supply contract later this year if the test turns out to be satisfactory for GM,” a Posco spokesman said. The company will ship cold-rolled, hot-rolled and galvanized steel sheets under the agreement.
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