Market, raw material make Posco stay put in India

World's fourth-largest steel producer, POSCO of South Korea has said that it welcomes the latest order by the Supreme Court of India, in which it said that the government will decide on giving preferential access to iron ore to the company. Justice ...

South Korea's leading steel maker POSCO reported a rise in its business performance for the first quarter (Q1) of this year, beating market expectation in spite of unfavorable conditions such as recession in the steel industry and the yen's slide.

South Korea-based leading steel maker POSCO's Chairman Chung Joon-yang has been concentrating on the rapidly growing Chinese steel sheet market. In line with such efforts, POSCO has completed an integrated system of automobile steel sheet ...

Late last month, South Korean antitrust regulators raided a subsidiary of POSCO, one of the country's biggest steelmakers. The search and seizure was part of a global effort led by the US to crack down on price fixing across the industry, writes ...

Seoul: South Korean steelmaker POSCO posted only a small profit recovery in the quarter ended March, capped by weak global economy and demand that depressed prices, especially for automotive steel. Asia's steel sector is in a prolonged downturn as ...

By Lukas I. Alpert MOSCOW--Russian coal producer OAO Mechel (MTL) said Tuesday that it has signed a three-year deal with South Korea's POSCO (005490.SE) to supply coking coal. The deal between the Korean steelmaker and Mechel subsidiary Mechel ...

Bangkok Post reported that POSCO, South Korea's largest steelmaker, plans to strengthen its presence in Southeast Asia's growing automotive industry by spending USD 600 million to build new galvanizing plants in Thailand and Indonesia. Mr Kim ...

Posco, founded in 1968 as a joint venture between the South Korean government and tools manufacturer TaeguTec, is now the world's fourth largest steelmaker and South Korea's third largest private company Posco, founded in 1968 as a joint venture ...

SEOUL, South Korea, Apr. 3, 2013 /PRNewswire-AsiaNet/ — A 65 MW plant to be built along the River Nam Lik — Package deal involving engineering, procurement and construction to be completed in a total of 39 months POSCO Engineering and ...