POSCO

Steelmaker Warns of Overcapacity

Law Blog - WSJ.com (Free subscription) | 13 hours ago

Posco's chief executive warned that the steel industry should prepare for capacity outstripping demand.

Posco, ArcelorMittal seek speedy allocation of mines

Daily News Analysis (Free subscription) | 29/09/2008

Posco and ArcelorMittal, have asked the government to expedite the allocation of iron ore mines, saying these are critical for their greenfield steel plants proposed in India.

Corporates not doing their bit for flood-hit?

Hindu (Free subscription) | 28/09/2008

BHUBANESWAR: State boasts of having received sky-high investment proposals in recent times. But when government is struggling to tide over one of the devastative floods to hit the State, big prospective investors like Mittals, TATAs and POSCO ...

Corporates indifferent?

Hindu (Free subscription) | 27/09/2008

While the State struggles from floods, big prospective investors like Mittals, Tatas and POSCO are missing from the scene when it comes to lend a helping hand. – ...

USS-POSCO Industries Selects Planalytics EnergyBuyer for Natural Gas Market Analysis and Purchasing Guidance

PR News Wire (Free subscription) | 24/09/2008

WAYNE, Pa., Sept. 24 /PRNewswire/ -- Planalytics, Inc. announced today that USS-POSCO Industries (UPI) has licensed its EnergyBuyer(R) service. UPI will use Planalytics EnergyBuyer to monitor natural gas market prices and determine the best times to make purchases. Planalytics EnergyBuyer is a price analysis and buying advisory service used to manage volatility and the increasing financial risk in...

• USS-POSCO Industries Selects Planalytics EnergyBuyer for Natural Gas Market Analysis and Purchasing Guidance - The Earth Times Online Newspaper

Posco Guidance Is Outside The Box

Forbes (Free subscription) | 22/09/2008

The big steel maker says its third-quarter profits will top estimates, notwithstanding lower steel prices and higher raw materials costs, and it sets sights on diversifying.

Posco upbeat on quarterly earnings

Financial Time (Free subscription) | 22/09/2008

The South Korean steelmaker expects third-quarter earnings to be better than expected and full-year profit to exceed its target, helped by cost-cutting efforts and price increases

UPDATE 1-POSCO sees steel price weakness temporary

Reuters UK (Free subscription) | 19/09/2008

SEOUL, Sept 19 (Reuters) - POSCO , the world's No.4 steelmaker, expects steel prices to stay firm, amid rising concerns that falling prices in China on weak domestic consumption may spread across the world, a senior official said.

5 NASDAQ Stocks Hitting 52-Week Highs

Seeking Alpha (Free subscription) | 15/09/2008

John C. Lee submits: Gibraltar Industries Inc. (ROCK) A component of the steel & iron industries. Unlike many if its peers, ROCK has been going up instead of getting crushed. ROCK’s stock performance is the complete inverse of companies such as Rio Tinto (RTP), Arcelor Mittal (MT), POSCO (PKX), and Tenaris (TS). On August 8, ROCK reported Q2 earnings of $0.67 per share vs. $0.40 per share a year ago....

Posco’s Production Cuts May Be Good for Australian Iron Ore

The Daily Reckoning Australia (Free subscription) | 12/09/2008

Korean steel giant Posco has cut production for the third straight month. Uh oh. Bloomberg reports that Posco is cutting stainless steel production by 25%. It's doing so doing in response to falling demand. Finally, the slow down in the U.S. and the weakness in Europe (especially in Germany [...]

POSCO opens world's biggest fuel cell plant

People Daily (Free subscription) | 05/09/2008

POSCO, Korea's biggest steel maker, opened the world's biggest hydrogen fuel cell production plant in the southeastern city of Pohang, the Korea Herald reported Friday. According to POSCO, each fuel cell of the plant will be capable of producing 50 megawatts of electricity, which is enough to provide electricity to 17,000 households. The plant took 11 month to be completed and was constructed jointly...

In Orissa, Posco feels heat over forest land

Times of India (Free subscription) | 03/09/2008

Hundreds of villagers held a protest meeting against the move to hand over forestland to Posco for its proposed mega steel project near Paradeep.

SK Energy may join Posco to bid for Daewoo stake

Business Times Asiaone (Free subscription) | 02/09/2008

(SEOUL) SK Energy Co, South Korea's biggest oil refiner, may join Posco to bid for a controlling stake in Daewoo Shipbuilding & Marine Engineering Co in what would be the biggest acquisition in the shipbuilding industry.

Villagers stage protest against Posco plant in Orissa

Big News Network.com (Free subscription) | 02/09/2008

Jagatsinghpur (Orissa), Sept 2 (IANS) Thousands of villagers Tuesday assembled here to protest against the $12 billion steel plant of South Korean steel major Posco, proposed to come up near Paradeep port in Jagatsinghpur district.

Villagers stage protest against Posco plant in Orissa

Thaindian News (Free subscription) | 02/09/2008

Jagatsinghpur (Orissa), Sept 2 (IANS) Thousands of villagers Tuesday assembled here to protest against the $12 billion steel plant of South Korean steel major Posco, proposed to come up near Paradeep port in Jagatsinghpur district.The residents of Dhinkia, Gobindpur and Patna villages gathered at Balitutha, the entry point to the proposed site, under the banner [...]