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POSCO Finally Throws In The Towel On Its India Steel Venture; A 'Lost Cause,' Indeed
2015-07-23 17:21:40| Steel - Topix.net
Normally, when a project of this size is called off, it sends ripples throughout the entire steel sector, and even negatively affects the stock market. Yet, when a few days ago, South Korean steelmaker POSCO let it be known that it had decided to put its much-vexed $12 billion project to build a steel plant in India's iron ore-rich state Odisha on hold, the reaction in India as well as globally was muted.
Tags: lost
finally
india
indeed
POSCO The Great: The Path To Reclaim Greatness
2015-07-23 04:46:32| Steel - Topix.net
POSCO currently trades like a regular old steel business, but is the most technologically advanced steel company in the world. The most technologically advanced, lowest-cost steel producer in the world is POSCO .
Tags: great
path
reclaim
posco
UPDATE 1-South Korea's POSCO may scrap planned $12 bln India steel project
2015-07-16 22:52:22| Steel - Topix.net
South Korean steelmaker POSCO could scrap plans for a $12 billion project it agreed to set up in India a decade ago, after a new law made it costlier to source iron ore for the plant, a company spokesman told Reuters. The U.S.-listed shares of POSCO fell as much as 3.3 percent to their lowest in more than six and a half years after the report.
Tags: project
update
india
steel
POSCO revs up reform drive amid alleged graft
2015-05-16 10:02:54| Steel - Topix.net
South Korea's top steelmaker POSCO Co. has shifted into emergency mode as the company strives to tide over what it sees as its biggest-ever crisis triggered by a prosecution investigation into a series of corruption allegations.
Tags: drive
reform
alleged
amid
Mohnish Pabrai Cuts Stake in Citigroup, Adds to POSCO
2015-05-15 11:14:43| Steel - Topix.net
Mohnish Pabrai is the managing partner of Pabrai Investment Funds, which oversees a group of focused value funds. During the first quarter, Pabrai added to his holdings in two stocks, while trimming two others, according to GuruFocus Real Time Picks .
Tags: adds
cuts
stake
citigroup
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