POSCO WKN: 893094 ISIN: US6934831099 Kürzel: PKX Forum: Aktien Thema: Hauptdiskussion

South Korea’s largest steelmaker Posco disclosed Tuesday that its sales declined by 15.9 percent on-year to 13.72 trillion won ($11.44 billion) with operating profit plunging 84.3 percent to 13.72 trillion won in the second quarter. “The sales volume of steel products and prices have fallen due to sluggish global demand and worsening market conditions caused by the coronavirus outbreak,” the company said.

https://m.marketscreener.com/POSCO-6494927/news/POSCO-World-s-Longest-Suspension-Bridge-Will-Connect-Europe-and-Asia-30961203/

South Korea will push ahead with privately financed infrastructure projects worth more than 30 trillion won ($25.1 billion) this year, as part of its efforts to revive the coronavirus-battered economy, the Finance Ministry said Thursday. The projects include construction of highways as well as sewage systems, worth 4.5 trillion won and 2.3 trillion won, respectively, said Deputy Prime Minister and Finance Minister Hong Nam-ki in a meeting with economy-related ministers. 

 Home Markets Stocks Industry Economy Money Auto Infra SME Brandwagon India Invest AbroadNEW Advertisement RINL, Posco form joint working group under pact to build 5-MTPA greenfield steel plant in Vizag By: Surya Sarathi Ray Published: August 19, 2020 5:00 AM The PMO had earlier instructed the steel ministry to “hold discussions with the concerned ministries/parties to facilitate domestic manufacturing of high-grade steel with the help of Japanese and Korean companies”.  In the preliminary discussions, the ministry gave the delegation assurance of uninterrupted supply of iron ore, a key raw material in steel-making and the required land for the proposed unit, being envisaged in line with the PM’s ‘Make in India’ programme. State-run Rashtriya Ispat Nigam (RINL) and Korean steel major Posco have set up a joint working group (JWG) to facilitate the implementation of the initial pact signed between the two for a five million tonne per annum (MTPA) greenfield steel plant in Vizag with an estimated investment of Rs 35,000 crore.

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