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3Vote!

ArcelorMittal plans plant in K’taka for Rs 30k cr

While South Korea's biggest steelmaker Posco has announced it would set up a Rs 60,000-crore steel plant in Karnataka, the world's largest steel company ArcelorMittal has approached the state government about setting up a plant worth Rs 30,000 crore.

3Vote!

Protests against buying land boost Orissa Naxals

Dillip Satapathy / Bhubaneswar November 23, 2009, 0:53 IST Recently L N Mittal, the world’s top steel maker, announced in London that he may shift his 12-million tonne steel project out of Orissa because of the long delay in land acquisition and local opposition to the project. Other promoters of mega projects in the state, such as the Tatas and South Korean steel major Posco, confide the same...

3Vote!

Korean firm to boost auto steel processing in China

Shanghai, November 20 (Gasgoo.com) South Korea's leading steelmaker POSCO said yesterday that it plans to increase automotive steel processing facilities in China as part of efforts to solidify its presence in the world's largest auto market, Asia Pulse reported.

3Vote!

JFE Steel, JSW sign tech deal

Japan’s JFE Steel has signed a technology transfer agreement with Sajjan Jindal-promoted JSW Steel. The two companies are also considering buying stakes in each other... JSW promoters holding in the company stood at at 45.01%. In 2008, JFE Steel had revenue of $39.05 billion and profit of $1.94 billion. Benefits for JSW Steel JFE Steel will license tech to JSW Steel to make steel sheets for...

3Vote!

Forum against steel plant in Orissa

MADURAI: People’s movement has emerged so strongly in Orissa that neither the State Government nor POSCO, a South Korean steel major, had been able to enter the site area for land acquisition, said Abhay Sahu, who is heading the ...

3Vote!

POSCO initiative

BHUBANESWAR: POSCO-India Private Limited, which proposed to set up a 12 million tonne per annum capacity steel plant near Paradip, has announced formation of POSCO Foundation to take up social welfare programmes. Education, healthcare ...

5Vote!

POSCO starts work on steel plant in Turkey

South Korean steelmaker POSCO said Friday it has begun building a plant in Turkey to produce steel for automobiles. The plant, when completed by June 2010, will have an annual capacity of 170,000 tonnes of steel for automakers including Ford, Renault, Fiat, Hyundai Motor, Toyota and Honda, POSCO said in a statement. The company, the world's fourth largest steelmaker by output, currently has 41 steel...

5Vote!

South Korea as a Proxy Steel Play

Investors looking for a boost from the Posco/U.S. Steel plant may want to look to EWY.

3Vote!

Poscos Orissa ops may start by Jan

World's fourth-largest steel maker Posco's Rs 54,000-crore project in Orissa may get off the ground by January next year as the state government is "actively working" to remove the hurdles coming in the way of the mega steel plant.

3Vote!

Centre upbeat on Posco

New Delhi, Nov. 1 (PTI): Posco's Rs 54,000-crore steel project in Orissa may get off the ground by January next year as the state government is "actively working" to remove the hurdles.

5Vote!

United Spiral Pipe Dedicates New Facility

PITTSBURG, Calif.--(BUSINESS WIRE)--United Spiral Pipe LLC (USP), a joint venture of United States Steel Corporation, POSCO and SeAH Steel Corporation formally dedicated its new state-of-the-art spiral welded pipe manufacturing facility in Pittsburg, Calif., today. The plant is expected to provide approximately 120 new full-time manufacturing jobs to Northern California at a time when U.S. manufacturing...

4Vote!

Zacks Analyst Blog Highlights: BP plc, ExxonMobil, Chevron, U.S. Steel Corp. and POSCO

CHICAGO - 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 stocks and the financial markets. Stocks recently featured in the blog include: BP plc (NYSE:

4Vote!

Zacks Analyst Blog Highlights: BP plc, ExxonMobil, Chevron, U.S. Steel Corp. and POSCO

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 stocks and the financial markets. Stocks recently featured in the blog include: BP plc (NYSE: BP), ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX), U.S. Steel Corp. (NYSE: X) and POSCO (NYSE: PKX). Get the most recent insight...

3Vote!

No land in hand, Orissa not ready to host Posco ceremony

With not an acre of land in POSCO India's possession for its proposed 12 mt steel project, it seems increasingly unlikely that the state government will be able to fulfil visiting South Korean President Lee Myung-Bak's wishes to lay the foundation stone for the project in January.

3Vote!

Nervous Orissa speeds up Posco rehab plans

Bhubaneswar, Oct. 23: The Orissa government today woke up to the need for an immediate meeting of the Rehabilitation and Periphery Development Advisory Committee, three years after it was first constituted to finalise the resettlement and rehabilitation (RandR) of people to be affected by the proposed Posco steel project.