Market Intelligence Center  Nov 12  Comment 
The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center have selected a covered-call trade on POSCO (PKX) that includes 8.12% downside protection. Sell one contract of the Feb. '16...
Market Intelligence Center  Oct 30  Comment 
The patented algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center found a trading opportunity with POSCO (PKX) that should provide a 5.40% return in just 112 days. Sell one Feb. '16 call at the $40.00 level for each...
Market Intelligence Center  Oct 29  Comment 
POSCO (PKX) presents a trading opportunity that offers a 2.67% return in just 50 days. A covered call on POSCO at the $40.00 level expiring on Dec. '15 offers an assigned return rate of 2.67% or 19.49% annualized. This trade offers 6.48%...
Reuters  Oct 27  Comment 
South Korea's POSCO may build and help arrange financing for a graphite project in Tanzania being developed by Magnis Resources , as the Australian explorer races to start producing from the east African site by 2017.
Financial Times  Oct 21  Comment 
Selling nearly half the Korean company’s divisions will reduce debt, much of it in US dollars
Financial Times  Oct 20  Comment 
Earnings at fifth-largest steelmaker also dragged down by writedowns and currency moves
Finance Asia  Sep 23  Comment 
Shipbuilder executes clean-up trade in steel producer as investors watch for any signs of a turnround in sentiment towards the sector.


POSCO steel producer in Pohang, South Korea. Incorporated in 1968, it was able to produce 32.8 million tons of steel in 2007. 2/3rds of its revenues comes from the South Korean Domestic market. However, other major countries are increasing their business with the once number 1 steel producer in the world. (In 2008, Arcellor Mittal became number 1.) Of the foreign revenue, China is the largest customer with 30%, the Japan with 20%. The rest of Asia makes for the rest of the revenue. It is important to note that India's demand market for steel has been growing and with good relations between South Korea and India on a number of cross-border transactions, most notably Tata Motors Ltd.'s acquisition of Daewoo Commercial Vehicle (now Tata Daewoo Commercial Vehicle), POSCO has built a major office in India.

POSCO's products include, but not limited to, hot rolled and cold rolled products, plates, wire rods, silicon steel sheets and stainless steel products. It is also known for preparing steel for manufacturing, most notably in Shipbuilding.


The formation of POSCO came about as a result of the Korean government's desire for self-sufficiency in iron and steelmaking, with availability of local steel seen as important for Korea's economic development. With construction of the Pohang works stared in 1970 , and of the Gwangyang Works in 1983, part-privatisation of the company took place in 1988. By 1998, the South Korean government had reduced its equity ownership to less than 20%.

POSCO shed its former name (the Pohang Iron and Steel Company) in 2002, and it is shortly after this point that a more international approach to business development set in[1]. This approach saw much greater emphasis placed on foreigh investment and in joint ventures outside Korea, including:

  • participation in the Benxi cold-rolling joint venture in China in 2004
  • construction of the Zhangjiagang stainless steel plant in China in 2005
  • agreement with the government of Orissa, India about investment in a greenfield integrated steel plant in 2005
  • acquisition of a majority stake in Vietnamese steelmaker Asian Stainless Corp in 2009
  • completion of a zinc coated sheet investment in Mexico in 2009.


  1. History of POSCO
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