22 Oct 2014
|Market Cap (Mil.):||$25,966.68|
|Shares Outstanding (Mil.):||348.75|
BHUBANESWAR, India, Oct 18 - India's federal government has again delayed a decision on permitting POSCO to mine iron ore, seeking more clarifications from Odisha state where the South Korean company has waited nine years to set up a $12 billion steel plant.
* Institutional shareholders took up 79 pct of entitlements
SEOUL - South Korean steelmaker POSCO is considering selling part of its stake in construction unit POSCO Engineering & Construction to an unidentified Saudi Arabian fund, a POSCO official said on Monday.
SEOUL, Sept 15 - South Korean steelmaker POSCO is considering selling part of its stake in construction unit POSCO Engineering & Construction to an unidentified Saudi Arabian fund, a POSCO official said on Monday.
MELBOURNE - In a world awash with iron ore, Asian steel makers are still willing to sink money into new iron ore mines - as long as they are low cost and have their own ports and rail lines - to loosen the grip of the world's giant producers.
* Steel makers back new iron ore projects despite supply glut
MELBOURNE - South Korean steel giant POSCO and a private investor have agreed to back a plan by China's Baosteel and Aurizon Holdings Ltd to build rail lines and a port for a long-delayed $6.8 billion Australian iron ore project.
MELBOURNE - Chinese steel giant Baosteel Group is counting on slashing the A$7.4 billion ($6.90 billion) cost estimate for the West Pilbara Iron Ore project in Australia to justify building a new mine, rail and port that will add to a global glut of iron ore.
SEOUL - South Korea's POSCO reported the steepest quarterly profit decline in three quarters as a strong local currency made the steelmaker's prices less competitive in an export market where demand growth has been weak.
* Prices, overseas income hit by steepest won gain in 3 yrs
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