24
Jul
13:34
Posco foresees strong H2 after second-quarter earnings recovery
South Korean steelmaker Posco foresees further improvement in its steelmaking business's profit in the second half of this year after second-quarter earnings rose sequentially. This comes as the firm recovers strongly from last year’s typhoon impact, Kallanish learns.
Posco's Q2 net profit was KRW 776 billion ($603.1 million), down about 57% from KRW 1.8 trillion in the same quarter a year earlier. Sales and operating income reached KRW 20.1 tri…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous