24
Jan
09:09
Posco Holdings’ annual profit halves in 2023
South Korean steel giant Posco Holdings Inc. on Tuesday announced an on-year decrease in financial indicators, according to its filings to the U.S. Securities and Exchange Commission.
Annual consolidated sales were reported to fall 9% from the year-ago level to KRW 77.13 trillion ($57.79 billion). Meanwhile, net profit slumped 48.5% to KRW 1.83 trillion, Kallanish notes.
Posco, the main steel business segment of the group, contributed to about 56% and 78% of…
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Anonymous
Very good overview of the weekly steel market.
Anonymous