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3Vote!

Illegal mining on the rise: SGAT

Bhubaneswar: Voicing concern over spurt in illegal mining, The Society of Geoscientists and Allied Technologies (SGAT) on Sunday asked Orissa to quickly frame a mineral policy as unmined areas reserved for companies like POSCO were more ...

+Vote!

Korean firm to boost auto steel processing in China

Shanghai, November 20 (Gasgoo.com) South Korea's leading steelmaker POSCO said yesterday that it plans to increase automotive steel processing facilities in China as part of efforts to solidify its presence in the world's largest auto market, Asia Pulse reported.

3Vote!

JFE Steel, JSW sign tech deal

Japan’s JFE Steel has signed a technology transfer agreement with Sajjan Jindal-promoted JSW Steel. The two companies are also considering buying stakes in each other... JSW promoters holding in the company stood at at 45.01%. In 2008, JFE Steel had revenue of $39.05 billion and profit of $1.94 billion. Benefits for JSW Steel JFE Steel will license tech to JSW Steel to make steel sheets for...

3Vote!

Forum against steel plant in Orissa

MADURAI: People’s movement has emerged so strongly in Orissa that neither the State Government nor POSCO, a South Korean steel major, had been able to enter the site area for land acquisition, said Abhay Sahu, who is heading the ...

3Vote!

South Korea Considers Allowing Poison Pills

South Korea, where foreign funds have increased their holdings in the stock of some large companies like Samsung Electronics and Posco, is seeking to introduce a poison pill scheme to protect firms from being taken over.

3Vote!

Nation-wide protest planned against Orissa SEZ

Bangalore: The POSCO Pratirodh Sangram Samithi (PPSS) has threatened to launch a nation-wide protest against the proposed Special Economic Zone (SEZ) in a tribal area in Orissa during the visit of South Korean President Lee Myung-Bak as chief ...

3Vote!

Nation-wide protest planned against SEZ

Bangalore: The POSCO Pratirodh Sangram Samithi (PPSS) has threatened to launch a nation-wide protest against the proposed Special Economic Zone (SEZ) in a tribal area in Orissa during the visit of South Korean President Lee Myung-Bak as chief ...

3Vote!

POSCO initiative

BHUBANESWAR: POSCO-India Private Limited, which proposed to set up a 12 million tonne per annum capacity steel plant near Paradip, has announced formation of POSCO Foundation to take up social welfare programmes. Education, healthcare ...

3Vote!

Malaysia ETF: Worthwhile Niche Play

Gary Gordon submits: It’s easy to think about South Korea. Warren Buffett essentially called Korea’s POSCO the best steelmaker in the world. What’s more, South Koreans have turned a corner on everything from electronics (Samsung) to phones (LG Group) to automobiles (Hyundai). Few investors have failed to express interest in the “China miracle.” Not only is its economy...

3Vote!

POSCO starts work on steel plant in Turkey

South Korean steelmaker POSCO said Friday it has begun building a plant in Turkey to produce steel for automobiles. The plant, when completed by June 2010, will have an annual capacity of 170,000 tonnes of steel for automakers including Ford, Renault, Fiat, Hyundai Motor, Toyota and Honda, POSCO said in a statement. The company, the world's fourth largest steelmaker by output, currently has 41 steel...

3Vote!

South Korea as a Proxy Steel Play

Investors looking for a boost from the Posco/U.S. Steel plant may want to look to EWY.

3Vote!

POSCO (PKX) Gets Very Positive 5 STARs S&P Rating And Appears On Investors Observer Volume Leaders List

POSCO (NYSE: PKX) closed yesterday at $104.62. So far the stock has hit a 52-week low of $42.35 and 52-week high of $118.41. POSCO stock has been showing support around 102.36 and resistance in the 106.30 range. Technical indicators for the stock are Neutral and S&P gives PKX a very positive 5 STAR (out of 5) strong buy rating. PKX appears on the Investors Observer Volume Leaders list. For a hedged...

3Vote!

Poscos Orissa ops may start by Jan

World's fourth-largest steel maker Posco's Rs 54,000-crore project in Orissa may get off the ground by January next year as the state government is "actively working" to remove the hurdles coming in the way of the mega steel plant.

3Vote!

Centre upbeat on Posco

New Delhi, Nov. 1 (PTI): Posco's Rs 54,000-crore steel project in Orissa may get off the ground by January next year as the state government is "actively working" to remove the hurdles.

3Vote!

United Spiral Pipe Dedicates New Facility

PITTSBURG, Calif.--(BUSINESS WIRE)--United Spiral Pipe LLC (USP), a joint venture of United States Steel Corporation, POSCO and SeAH Steel Corporation formally dedicated its new state-of-the-art spiral welded pipe manufacturing facility in Pittsburg, Calif., today. The plant is expected to provide approximately 120 new full-time manufacturing jobs to Northern California at a time when U.S. manufacturing...