Friday 22 August 2014
 
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Posco

Korean steel maker Posco set for revamp

Posco's new chief executive said the South Korean steelmaker will restructure non-steel businesses and not make any major investment in increasing steelmaking capacity, in a marked break from the strategy of his predecessor. K

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Blow to Posco as India suspends green licence

An Indian tribunal has suspended the environmental licence for Korean group Posco's $12 billion steel project in the eastern state of Orissa, the country's biggest foreign direct investment, in a fresh blow to business confidence in Asia's third-l

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Posco predicts global steel market rebound

Posco, the world's third-largest steelmaker, sees an improving global steel market in the next three months, after bottoming out this quarter, and is considering reducing price discounts as the recovery takes hold. The Korean firm last mon

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India approves $12bn Posco steel mill

India's environment ministry gave a conditional green light on Monday for South Korean Posco's $12 billion steel mill, a government statement said. This is seen as a boost for the foreign investment climate after a series of setbacks for b

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Krakatau Steel to invest $1.2bn in Posco JV

PT Krakatau Steel, Indonesia's biggest steelmaker, said on Tuesday it will invest $1.2 billion in the first phase of its joint venture with South Korea's Posco, using funds from its $390 million IPO in November. Fazwar Bujang, Krak

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