Posco manufactures and sells steel rolled products and plates in South Korea. The Company operates in four segments: steel segment, trading segment, construction segment and others segment. The company was founded in 1968 and is based in Seoul, South Korea.
Aspiring graphite producer Black Rock Mining (ASX: BKT) has entered into a strategic alliance with Korean anode feedstock maker POSCO for the development of the world-class Mahenge project in Tanzania.
By Shruti SrivastavaIndia is developing a land pool nearly double the size of Luxembourg to lure businesses moving out of China, according to people with the knowledge of the matter.A total area of 461,589 hectares has been identified across the country for the purpose, the people said, asking not to be identified because they aren’t authorized to speak to the media. That includes 115,131 hectares of existing industrial land in states such as Gujarat, Maharashtra, Tamil Nadu and Andhra Pradesh, they said. Luxembourg is spread across 243,000 hectares, according to the World Bank.Land has been one of the biggest impediments for companies looking to invest in India, with the plans of Saudi Aramco to Posco frustrated by delays in acquisition. Prime Minister Narendra Modi’s administration is...
On April 29, 2020, POSCO (NYSE: PKX) filed its Annual Report on Form 20-F for the year ended December 31, 2019 with the U.S. Securities and Exchange Commission. The 2019 Annual Report on Form 20-F can be downloaded from www.posco.com, as well as from the website of the U.S. Securities and Exchange Commission at www.sec.gov. Investors may request a hard copy of the 2019 Annual Report on Form 20-F, free of charge, by contacting [email protected]
South Korean steelmaker POSCO on Friday posted a 41.4% fall in its first-quarter operating profit, hit by a slump in steel demand amid the coronavirus pandemic, and forecast a further hit to sales. The world's fifth-biggest steelmaker said it expected a continued slowdown in steel demand due to the outbreak, and revised down its consolidated sales outlook to 57.5 trillion won ($46.5 billion) from its January forecast of 63.4 trillion won. Consolidated operating profit came in at 705 billion won in the first quarter, down from 1.2 trillion won a year earlier POSCO said in a statement.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]