Market Intelligence Center  Mar 19  Comment 
After Wednesday’s trading in POSCO (PKX) the option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center uncovered a trade that offers a 3.50% return, or 8.24% annualized (for comparison purposes...
Market Intelligence Center  Mar 9  Comment 
After closing Friday at $61.08, POSCO (PKX) presents an attractive opportunity to get a 3.04% return in just 67 days, which is an annualized return of 16.56% (for comparison purposes only). To enter this trade, sell one May. '15 $60.00 call for...
Market Intelligence Center  Mar 5  Comment 
For a hedged play on POSCO (PKX), MarketIntelligenceCenter.com’s option-trade picking algorithms recommend the Aug. '15 $60.00 covered call for a net debit in the $57.93 area. That is also the break-even stock price for the covered call. This...
Market Intelligence Center  Feb 26  Comment 
The patented option trade-picking algorithms behind MarketIntelligenceCenter.com's Artificial Intelligence Center have selected a covered call trade on POSCO (PKX) that includes 9.62% downside protection. Sell one contract of the Aug. '15 $60.00...
Market Intelligence Center  Feb 23  Comment 
POSCO (PKX) presents a trading opportunity that offers a 3.25% return in just 81 days. A covered call on POSCO at the $60.00 level expiring on May. '15 offers an assigned return rate of 3.25% or 14.66% annualized. This trade offers 4.52%...
Market Intelligence Center  Feb 17  Comment 
POSCO (PKX) presents a trading opportunity that offers a 4.28% return in just 87 days. A covered call on POSCO at the $60.00 level expiring on May. '15 offers an assigned return rate of 4.28% or 17.94% annualized. This trade offers 5.73%...
Reuters  Feb 13  Comment 
South Korean steelmaker POSCO has signed a preliminary deal with Saudi Arabia's Public Investment Fund (PIF) to sell part of its construction unit for about 1.5 trillion won ($1.36 billion), Korea Economic Daily reported.
Market Intelligence Center  Feb 11  Comment 
For a hedged play on POSCO (PKX) MarketIntelligenceCenter.com’s patented trade-picking algorithms recommend the May. '15 $60.00 covered call for a net debit in the $57.01 area. That is also the break-even stock price for the covered call. This...
The Hindu Business Line  Feb 8  Comment 
Centre says Posco cannot have prioritised access to iron ore deposits
Reuters  Feb 5  Comment 
South Korea's POSCO will have to bid for an iron ore licence to feed its planned $12 billion steel plant in India, a minister said, in a setback for the company that was expecting the government to allocate it a mine without any competition.


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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