QUOTE AND NEWS
Bloomberg  Jul 1 
Posco Chief Financial Officer Lee Dong Hee said earnings will rebound this half as Asia’s third- biggest steelmaker benefits from cuts in raw material prices and increasing exports.
Bloomberg  Jul 1 
Asian stocks fell on speculation more companies will raise equity capital, diluting the value of investments by existing shareholders.
Commodity Online  Jul 1 
Posco had signed an MoU with Orissa government in June 2005 to build a 12MTPA steel plant by 2016 near Paradip port. The government had recommended for the grant of the prospecting licence for Khandadhar iron ore reserves in favour of Posco.
Market Intelligence Center  Jun 22 
POSCO (PKX) was upgraded today by analysts at HSBC Securities and the stock is now at $78.76, down $4.45 (-5.35%) on volume of 420,133 shares traded. The brokerage lifted the stock to Overweight from Neutral. Over the last 52 weeks the stock has...
newratings.com  Jun 22 
Financial Times  Jun 10 
Vale of Brazil has agreed a 20 per cent cut in annual prices for its ore sales to Japanese and South Korean steelmakers
StreetInsider.com  Jun 9 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/FuelCell+Energy+%28FCEL%29+Announces+%2458M+Order+From+POSCO+Power%2C+Also+%2425M+Stock+Investment/4717402.html for the full story.
MarketWatch  May 29 
Shares of South Korean steel makers struggle, with Hyundai Steel dropping sharply after it reportedly cuts prices of steel products by up to a fifth to maintain its competitiveness.
Financial Times  May 28 
The world's fourth-largest steelmaker agrees a 33% to 44% cut in iron ore prices with the Australian miner, piling pressure on Chinese mills to accept a similar deal
Financial Times  May 14 
The world's fourth-largest steelmaker made a record cut in domestic product prices by up to 20 per cent to compete more effectively with cheaper imports
Wall Street Journal  Apr 16 
Iron-ore price negotiations are breaking in favor of steel makers, which will likely get steep discounts from miners compared with 2008.
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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.



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