• Aluminum Alloy TC A356.2 Delivered Chinaup(20)  10-31|Magnesia E.F. 97%min EXW Chinaup(100)  10-31|Antimony Ingot 99.65%min In warehouse Rotterdamup(1000)  10-31|Magnesia E.F. 97%min H-Ca EXW Chinaup(100)  10-31|Antimony Trioxide 99.5%min In warehouse Rotterdamup(0.7)  10-31|Magnesia E.F. 97%min H-Ca FOB Chinaup(15)  10-31|Antimony Trioxide 99.5%min FOB Chinaup(600)  10-31|Antimony Trioxide 99.5%min In warehouse Baltimoreup(0.3)  10-31|Yttrium Oxide 99.999%min EXW Chinadown(-1000)  10-31|Magnesia C.C. 85%min 200mesh EXW Chinaup(20)  10-31|Chromic Anhydride 99.8%min EXW Chinadown(-500)  10-31|Magnesia C.C. 90%min 200mesh EXW Chinaup(20)  10-31|Indium Ingot 99.995%min EXW Chinadown(-50)  10-31|Medium Plate SS400 10mm FOB Chinadown(-10)  10-31
  • POSCO profit increases on recovery in demand and prices

    2011-07-26 10:22:36   [Print]
    POSCO has reported a 23% increase in second quarter profit as a recovery in demand allowed it to increase prices.Asian Metal Copyright Mr Kim Kang Oh, an analyst at Hanwha Securities Co in Seoul, said that "Second quarter results may be the best for this year on increased values of inventories.Asian Metal Copyright Group net income rose to KRW 1.Asian Metal Copyright9 trillion in 2010.Asian Metal Copyright37 trillion in the three months ended June 30th 2011 from KRW 1.Asian Metal Copyright Mr Kim Kang Oh, an analyst at Hanwha Securities Co in Seoul, said that "Second quarter results may be the best for this year on increased values of inventories.Asian Metal Copyright12 trillion a year earlier.Asian Metal Copyright The steelmaker aims to produce 37.Asian Metal Copyright Sales gained 58% to KRW 17.Asian Metal Copyright Group net income rose to KRW 1.Asian Metal Copyright05 trillion.

    The steelmaker aims to produce 37.1 million tonnes of crude steel this year and post KRW 40 trillion of sales, unchanged from the targets announced in April.Asian Metal Copyright Group net income rose to KRW 1.Asian Metal Copyright POSCO raised the prices of benchmark hot rolled steel plates by about 18% in April 2011.

    Mr Kim Kang Oh, an analyst at Hanwha Securities Co in Seoul, said that "Second quarter results may be the best for this year on increased values of inventories."

    Group sales are expected to rise to KRW 66.4 trillion in 2011 from KRW 47.Asian Metal Copyright Sales gained 58% to KRW 17.Asian Metal Copyright9 trillion in 2010.Asian Metal Copyright7 trillion in 2011.Asian Metal Copyright POSCO plans to invest overall KRW 9.Asian Metal Copyright POSCO plans to invest overall KRW 9.Asian Metal Copyright7 trillion in 2011.

    POSCO said that "To achieve the long-term growth momentum, POSCO will go ahead with investments in steel sectors as planned."

    POSCO paid miners 25% more for iron ore and about 47% more for coking coal for the quarter, compared with the previous three months. The company increased steel prices by KRW 160,000 per tonne on April 22nd 2011, indicating an 18% gain in hot rolled steel plates and a 16% increase in cold rolled steel plates.
    .Asian Metal Copyright POSCO plans to invest overall KRW 9Asian Metal Copyright
      Copyright © Asian Metal Ltd All rights reserved.