|Bid||75.36 x 300|
|Ask||84.13 x 300|
|Day's Range||85.90 - 87.84|
|52 Week Range||56.48 - 93.12|
|PE Ratio (TTM)||12.78|
|Forward Dividend & Yield||1.37 (1.59%)|
|1y Target Est||103.66|
ArcelorMittal’s (MT) subsidiary ArcelorMittal India Private Limited has made a bid to acquire troubled Indian steelmaker Essar Steel. Because China’s steel demand (RIO) (BHP) is estimated to have peaked after years of rapid growth, analysts see India as a bright spot for global steel markets (PKX).
Asian spot LNG prices eased further this week on expectations of reduced buying but plunging temperatures in Japan, South Korea and China prevented a steep price decline. Spot prices for March (LNG-AS) delivery in Asia fell 20 cents to $10.20 per million British thermal units (mmBtu), according to LNG traders in Asia.
Asian spot LNG prices slid this week on improving production and uncertain demand for cargoes in March amid indications that Chinese importers have largely covered their first-quarter needs. Asian spot prices for March delivery fell 10 cents to $10.40 per million British thermal units (mmBtu). The apparent retreat of Chinese demand for Q1 put further pressure on prices.
POSCO's (PKX) 2017 net earnings increase substantially on the back of operating profit growth and selling of investment securities. Revenue forecast for 2018 is impressive.
Moody's Investors Service says that POSCO's robust financial results for 2017 were within expectations and support the company's Baa2 senior unsecured rating and positive rating outlook. "POSCO's ...
Jan 10 (Reuters) - Zhejiang Huayou Cobalt Co Ltd : * SAYS IT PLANS TO SET UP NEW ENERGY JV WITH REGISTERED CAPITAL OF ABOUT 336 MILLION YUAN ($51.66 million) WITH SOUTH KOREA'S POSCO Source text in Chinese: ...
POSCO's (PKX) diversified business structure, steps to improve competitiveness in steel production, focus on growth of other businesses and strengthening steel demand will support its growth momentum.
POSCO (PKX) might gain from its diversified business structure and a steady rise in domestic and global steel demand. Improving the steel operations' competitiveness remains a company's priority.
Zacks.com featured highlights: POSCO, Tata Motors, TRI Pointe Group and Triton International
Categories: Yahoo FinanceGet free summary analysis Our analysis is based on comparing POSCO with the following peers – United States Steel Corporation, ArcelorMittal SA ADR, Companhia Siderurgica Nacional Sponsored ADR, Nucor Corporation, Ternium S.A. Sponsored ADR, Commercial Metals Company, Gerdau S.A. Sponsored ADR Pfd and Mechel PAO Sponsored ADR (X-US, MT-US, SID-US, NUE-US, TX-US, CMC-US, GGB-US and ... Read more (Read more...)
Zacks.com featured highlights: ORL Auto Parts, Century Casinos, POSCO and Columbus McKinnon
Cash not only guards a company from market mayhem but also indicates that profits are being channelized in the right direction.
While a strong rise in China drove global steel production in October, output from the country is expected to decline in the coming months due to winter capacity cuts.
POSCO (PKX) is well placed to reap benefits from rising demand in the domestic automobile market and growth in global steel demand. Also, its initiatives to leverage new opportunities will favor it.