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.
Continue reading "India says Posco should not export iron ore from Orissa plant"
Thursday, January 21, 2010
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 [...]
Continue reading "Ironing Out The Issues"
Sunday, August 2, 2009
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
Continue reading "Steel Plants to soon Get Iron Ore Mining Licenses"
Thursday, July 9, 2009
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
Continue reading "Steel Plants will soon get Iron Ore Mining Licenses"
Wednesday, July 8, 2009
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
Continue reading "Steel Plants will soon get Iron Ore Mining Licenses"
Wednesday, May 27, 2009
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, [...]
Continue reading "Chinese Mills Turn On the Heat"
Friday, April 10, 2009
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 [...]
Continue reading "POSCO reported 50 percent cut in iron ore prices"
Friday, February 27, 2009
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
Continue reading "Posco will grow despite economy"
Tuesday, December 30, 2008
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
Continue reading "POSCO says may cut steel output if market worsens"
Tuesday, December 16, 2008
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
Continue reading "POSCO says may cut steel output if market worsens"
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Monday, May 2, 2011