RINL, POSCO to form joint working group for steel project in Andhra Pradesh

The South Korean steel major POSCO and state-owned RINL have been in talks for quite some time over their plans to set up a joint venture (JV) for manufacturing value-added special grade of steel

Business Today | August 23, 2020

Govt asks RINL, POSCO to form joint working group for AP steel project

The JWG would meet regularly to expedite the implementation of the MoU, the ministry said.

Business Standard | August 23, 2020

RINL, South Korea's POSCO to form joint working group for Andhra Pradesh steel project

NEW DELHI: The Ministry of Steel has asked RINL and South Korean player POSCO to form a joint working group to oversee their plans of setting a green-field project in Andhra Pradesh. The South Korean steel major and state-owned RINL have been in talks for quite some time over their plans to set up a joint venture (JV) for manufacturing value-added special grade of steel. According to a ministry update, "The way forward for the proposed greenfield investment project by POSCO Steel at Visakhapatnam was discussed with the representatives of POSCO Steel…through a video conference. "It was agreed to set up a Joint Working Group (JWG) consisting of representatives from POSCO and RINL to facilitate the implementation of MoU signed between the two companies regarding investment on land owned by...

Economic Times India | August 23, 2020

RINL, Posco form joint working group under pact to build 5-MTPA greenfield steel plant in Vizag

The PMO had earlier instructed the steel ministry to “hold discussions with the concerned ministries/parties to facilitate domestic manufacturing of high-grade steel with the help of Japanese and Korean companies”.

The Financial Express | August 18, 2020

COVID-19 Pushes POSCO's Steel Business Into The Red, But A Cyclical Bounce Will Come

Investors warmed up to the idea of upcoming recoveries in many industrial markets in the second quarter, but that love didn't extend to the steel sector to nearly the same extent, even though mining companies like Rio Tinto (RIO) and BHP (BHP) have done quite well. I think there are...

Stephen Simpson, CFA on Seeking Alpha | August 6, 2020

Posco set to win first deal to supply LNG to Pakistan - Reuters

Posco (PKX) is set to become a liquefied natural gas supplier to Pakistan after offering the lowest bid of 7.9673% slope to Brent for a supply of LNG cargo on Sept. 25-26, Reuters reports.It is unusual for Posco to participate in Pakistan LNG's import tender and could indicate that the...

Seeking Alpha | August 5, 2020

South Korea's POSCO set to supply LNG to Pakistan for first time - sources

South Korea's POSCO International Corp is set to supply liquefied natural gas (LNG) to Pakistan LNG for the first time, two sources familiar with the matter said.

News18 | August 5, 2020

Moody's - APAC steelmakers’ profitability takes a dive on coronavirus-led demand destruction

Yahoo | July 29, 2020

POSCO: Strong Cash Flow Generation To Power Shares Forward

If we look at a long-term chart of POSCO (PKX), we can see that shares have the potential to undergo a long-term, double-bottom pattern. The potential pattern is exciting due to how high the peak is situated (close to $90 a share). In fact, we would have to break this...

Individual Trader on Seeking Alpha | July 25, 2020

POSCO -- Moody's - POSCO sees profit plunge on weak demand, but solid capital structure supports ratings

Yahoo | July 22, 2020