South Korea, Japan Invest in Australian Iron Ore Project
Reuters reported Marubeni Corp (TYO:8002), POSCO (NYSE:PKX) and STX Corp (SEO:01181) will buy 30 percent of an Australian iron ore project for A$3.5 billion.
Articles Tagged "posco"
India says Posco should not export iron ore from Orissa plant
Reuters Africa reports that India's environment minister said POSCO (SEO:005490), which wants to build a $12 billion steel plant in eastern India, should not export raw materials, including iron ore.
Ironing Out The Issues
By Kishori Krishnan Exclusive To Iron Investing News With key indicators across developed economies showing an improvement in the quarter, mining heavyweight BHP Billiton Ltd has teamed up with rivals Rio Tinto Group and Posco, Asia’s most profitable steelmaker, in raising iron-ore production. An uptick in demand from automakers and builders has ensured a good [...]
Steel Plants to soon Get Iron Ore Mining Licenses
India will speed up the process of granting iron ore mining licenses to various steel companies, including South Korea’s Posco. For full story, click here
Steel Plants will soon get Iron Ore Mining Licenses
India declared that it will speed up the process of granting iron ore mining licenses to various steel companies, including South Korea’s Posco. For full story, click here
Steel Plants will soon get Iron Ore Mining Licenses
India will speed up the process of granting iron ore mining licenses to various steel companies, including South Korea’s Posco. For full story, click here
Chinese Mills Turn On the Heat
By Kishori Krishnan Exclusive To Iron Investing News The heat is on. Australian miner Fortescue Metals Group (FMG.AX) said on Thursday that Chinese steel mills are unlikely to get a better deal for iron ore purchases than the 33 per cent reduction agreed by Japanese and South Korean rivals. Fortescue, Australia’s third-largest iron ore miner, [...]
POSCO reported 50 percent cut in iron ore prices
South Korea’s POSCO, the world’s No.4 steelmaker, reported that on Friday it was seeking a 50 percent cut in contract iron ore prices for the year started on April 1. POSCO vice president Kwon Young-tae stated: The price gap is quite wide as miners are demanding a 20 percent reduction but we believe it has [...]
Posco will grow despite economy
Posco will continue to decline output in March amid a sluggish global steel market but will remain active in investment. For full story, click here
POSCO says may cut steel output if market worsens
Posco, the world’s No 4 steelmaker, may cut output next year if market conditions deteriorate further and a weaker won currency depresses earnings in the coming months, the company said. For full story, click here
