29
Oct
08:55
Posco may sell Vietnam stake as subsidiaries disappoint
Posco’s overseas subsidiaries struggled in the third quarter and are now again dragging on its financial results. It has now raised the possibility of changing the ownership structure of one Vietnamese subsidiary, Kallanish notes.
Posco has said SS Vina in Vietnam is difficult to sustain considering that rebar and H-beam markets are under significant pressure. It says it is too early to give details, but does say that it is “... in talks with a …
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Anonymous
Very good overview of the weekly steel market.
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