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POSCO eyes global expansion with high-strength steel for cars
2016-03-29 09:45:59| Steel - Topix.net
Korea's top steelmaker POSCO will be expanding its global business through its world premium automotive steel sheet products, the company said Tuesday. With currently 26 client companies in 12 countries, POSCO plans to further expand its global business by focusing on automotive steel products as part of a decision to maximize profits, as premium automotive steel sheets have 10 percent higher profitability than regular products.
POSCO (PKX) Stock Rating Upgraded by Nomura
2016-03-01 23:37:12| Steel - Topix.net
Several hedge funds have recently added to or reduced their stakes in PKX. CIBC World Markets increased its stake in POSCO by 2.9% in the fourth quarter.
Tags: rating
stock
upgraded
nomura
Capstone Asset Management Company Sells 2,361 Shares of POSCO
2016-02-26 04:53:33| Steel - Topix.net
Capstone Asset Management Company reduced its stake in shares of POSCO by 4.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,325 shares of the company's stock after selling 2,361 shares during the period.
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management
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asset
POSCO (PKX) Shares Sold by Sprucegrove Investment Management Ltd.
2016-02-22 20:32:38| Steel - Topix.net
Sprucegrove Investment Management Ltd. decreased its stake in POSCO by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission . The institutional investor owned 4,286,086 shares of the company's stock after selling 126,700 shares during the period.
Tags: management
ltd
sold
investment
Embattled POSCO tightening belt
2016-02-02 15:24:18| Steel - Topix.net
The nation's largest steelmaker POSCO is tightening its belt in a desperate effort to restore profitability across its affiliates amid a supply glut and faltering global demand for steel. In an annual executive reshuffle on Monday, the group said it had cut the number of executives by a whopping 30 percent to 259, compared to 359 last year.
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tightening
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