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POSCO Steeling Itself To Be No. 1 In Ship Plate

The Korean steel maker will spend $1.8 billion to expand capacity to fabricate the heavy panels used mainly in shipbuilding, helping to remedy a shortfall in domestic production.

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Posco breaks ground on second new steel plant

THE South Korean company is aiming to become the leading supplier of steel plate to shipbuilders.

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Posco, ArcelorMittal ask govt to remove hurdles

New Delhi, July 22: Foreign steel giants Posco and ArcelorMittal have asked the government to intervene and remove the roadblocks to their investment plans totalling a mammoth Rs 1,35,000 crore. They want the government to expedite allocation of captive iron ore mines and streamline land acquisition at their project sites in Jharkhand and Orissa, respectively. At a meeting convened by the Steel Ministry...

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Zacks Analyst Blog Highlights: General Motors, Amphenol Corp., Safeway Inc., POSCO and Kookmin Bank.

CHICAGO--(BUSINESS WIRE)--Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting

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Posco Group submits plan to build 5.3 bln USD steel plant

The Republic of Korea’s (RoK) Posco Group has submitted a feasibility study to build a steel plant in central Viet Nam, according to Viet Nam Steel Association President Pham Chi Cuong. If licensed, construction of the 5.3-billion-USD plant in the central province of Khanh Hoa will start in November this year and be completed in March 2013. In the first phase, the plant will be capable of

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POSCO to up steel production 2m tonnes

Steelmaker starts $US1.4 billion plant to raise production by 2010. 17 Jul 2008 1:37 PM

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Posco take-off in Orissa hangs in uncertainty

Uncertainty looms large over the take-off of steel giant Posco's Rs 51,000 crore project in Orissa due to inordinate delay in land acquisition.

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Posco fills pockets for DSME bid

SOUTH Korean steelmaker posts improved profit and sales for the second-quarter.

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Talbot sale a hard haul

QUEENSLAND coal king Ken Talbot may have to wait a while to get his hands on all of his millions, with recent share sales, to Arcelor and Posco, are still subject to various conditions.

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Posco Net Climbs 34%

Posco said second-quarter net profit rose 34% from a year earlier, aided by higher steel prices and strong domestic sales, as well as cost-cutting efforts.

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Posco reports record earnings

Posco, the world's fourth-largest steelmaker, yesterday reported record quarterly earnings as it offset soaring raw material costs with hefty increases in steel...

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Two Korean Companies Get I.P.O. Green Light

POSCO Engineering & Construction, the construction arm of steel giant POSCO, and Daewoo Capital have each been given a green light for initial public offerings in Seoul that will raise up to $1.48 billion in total, The Financial Times reported. POSCO Engineering & Construction is looking to launch its I.P.O. in September, offering 26 percent of [...]

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POSCO revises up 2008 sales

World's fourth largest steelmaker posts 34 per cent profit rise. 11 Jul 2008 6:01 PM

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POSCO: Positively Profitable

The Korean steel company beats estimates with solid profits.

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UPDATE 1-POSCO hits Q2 profit record, raises forecasts

SEOUL, July 11 (Reuters) - South Korea's POSCO , the world's No.4 steelmaker, posted a forecast-beating 34-percent rise in quarterly profit on Friday and raised its earnings target to reflect a 63-percent rise in its benchmark steel prices.