23
Jul
12:21
Posco sets record for quarterly profit
South Korean steel producer Posco posted a second-quarter operating profit of KRW 2.2 trillion ($1.9 billion), an all-time quarterly record. This was up 41.94% on-quarter and 1,194% year-on-year, Kallanish notes.
Cumulative operating profit on a consolidated basis in the first half of the year was boosted to KRW 3.75 trillion, up 329.9% y-o-y. The record profit benefited from strong industrial demand and surging steel prices.
Posco saw a 33.31% increase in …
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Anonymous
Very good overview of the weekly steel market.
Anonymous