82.23 -0.23 (-0.28%)
After hours: 4:11PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||81.68 - 83.28|
|52-week range||57.50 - 93.12|
|PE ratio (TTM)||10.25|
|Forward dividend & yield||1.37 (1.81%)|
|1y target est||102.66|
The chairman of Posco has offered to resign after leading the South Korean steelmaker’s successful restructuring over the past four years, amid media speculation that he was pressured by the government to step down. Kwon Oh-joon, 69, made the offer at an emergency board meeting on Wednesday, saying that a new, young leader should lead the company for future growth, according to a Posco spokesman. Mr Kwon took the helm of Posco in 2014 and was reappointed last year as the company’s chief executive for another three-year term until March 2020.
NEW YORK, April 11, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
POSCO (PKX) is to gain from the healthy demand for steel and initiatives targeted to improve core business operations. High debt and competition are headwinds.
NEW YORK, March 13, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
In the previous part of this series, we looked at US steel demand indicators. Since China is the world’s largest steel consumer, the country’s steel demand tends to impact global steel markets (MT)(PKX). The construction sector is the largest steel end consumer in China (FXI).
South Korean steel giant POSCO has signed a long term offtake agreement with ASX-listed lithium miner Pilbara Minerals and agreed to invest in its upcoming project in WA. Under the agreements, POSCO will source an initial 80,000 tonnes per annum (tpa) of lithium concentrate from Pilbara's Pilgangoora Stage 2 project, eventually increasing this to 240,000 tpa. POSCO will also invest $79.6 million in the Australian company, at 97 cents a share, to contribute to the development of a five million tonnes per annum Stage 2 project that Pilbara is developing.
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).
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.
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
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.