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POSCO Upgraded by Zacks to "Hold"

2015-09-15 21:53:39| Steel - Topix.net

According to Zacks, "Over the long term, POSCO stands to benefit from its regional diversifications, superior product portfolio and initiatives to dispose non-core assets. However, near-term risks, including higher expenses, huge debt levels and growing competition, pose threats before the company.

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POSCO says still negotiating legal settlement with Nippon Steel

2015-09-15 07:35:32| Steel - Topix.net

POSCO said on Tuesday it was still negotiating a legal settlement with Nippon Steel & Sumitomo Metal Corp after newspapers reported the South Korean steelmaker was in talks to pay its Japanese rival about 30 billion yen in damages for alleged corporate espionage. Officials at POSCO and Nippon Steel said the lawsuits, filed in April 2012, were still proceeding.

Tags: legal steel settlement negotiating

 
 

Industrial policy amid Posco uncertainty

2015-09-04 00:16:32| Steel - Topix.net

Under the new policy, called the Industrial Policy Resolution 2015, all proposed industrial projects need to be cleared within a set time frame. The unveiling of the government's industrial policy resolution coincided with a meeting between chief minister Naveen Patnaik and Vedanta group's chief executive officer Tom Albanese at the state secretariat.

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[Newsmaker] POSCO leads change in labor relations

2015-08-26 11:35:11| Steel - Topix.net

The much disputed peak wage system may be gaining more momentum with the steelmaker POSCO and its union agreeing to expand its use. Although the system is intended to increase corporations' capacity for hiring young workers, it has been heavily criticized by labor activists.

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POSCO signs MoA with Shree Uttam for steel plant in Maharashtra

2015-08-11 13:05:55| Steel - Topix.net

An employee of POSCO walks next to a sculpture with POSCO's logo at the company's headquarters in Seoul October 21, 2011. South Korean steel firm POSCO on Tuesday signed a memorandum of agreement with Shree Uttam Steel and Power Limited, to explore the possibility of setting up a steel plant jointly with the Korean firm in Maharashtra at an estimated cost of Rs 20,000 crore.

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