|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||88.72 - 89.66|
|52-week range||52.88 - 90.56|
|PE ratio (TTM)||12.79|
|Forward dividend & yield||1.37 (1.55%)|
|1y target est||99.16|
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.
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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.
AK Steel's (AKS) fully-owned subsidiary, AK Tube and members of United Steel Workers signs a three-year labor agreement covering 100 hourly production employees at the former's Walbridge facility.
The Zacks Analyst Blog Highlights: China Petroleum & Chemical, Canon, PetroChina, POSCO and Wipro
Rapid improvement in the global economy, encouraging earnings and soft monetary policies have been boosting Asia's stocks over the current year.
Gerdau's (GGB) third-quarter 2017 profitability benefited from higher revenues, fall in financial expenses and positive impact of exchange variations, partially offset by rise in cost of sales.
Companhia Siderurgica Nacional's (SID) third-quarter 2017 net earnings grew significantly over the year-ago quarter loss. Slab production grew 25% year over year while steel sales volume jumped 9%.