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POSCO'S STEEL PRICE HIKE TRIGGERS CHAIN REACTION.
SEOUL, July 3 Asia Pulse - Recent moves by South Korea's steelmakers to lift product prices, led by the world's fifth-largest steelmaker POSCO (KSE:005490), have raised concern over increasing raw material costs in major industries, industry sources said Sunday.
Shortly after POSCO's announcement of a price hike last week, the local sector's No. 2 player Hyundai Steel Co. raised the price of hot-rolled coils from mini mills by 30,000 won (US$31.62) per ton to 510,000 won, effective in July.
Manufacturers of cold-rolled steel and steel pipes, which rely on hot-rolled coils for their products, are about to lift prices as well, they said.
Hyundai Hysco Co., a steelmaking unit of Hyundai Motor Group, has also decided to increase prices of products such as steel sheets for cars. The company has yet to determine the new prices, the sources ...
- POSCO Forges Closer Ties with Suppliers Using i2 SRM; POSCO Leads the Korean...
- Press release article from: Business Wire March 11, 2004 700+ words
...Supplier Relationship Management (SRM) at POSCO, the leading steel producer in Korea. POSCO is leveraging the i2 solution to better manage and collaborate with its supply base. POSCO has long led the Korean steel industry in the...
- POSCO to expand China operations in 2003.
- Newspaper article from: China Business News February 17, 2003 700+ words
POSCO to expand China operations in 2003 Shanghai. February...recently held in South Korea for the 20 presidents of POSCO's overseas subsidiaries, including the heads of its Beijing office, POSCO's Chairman and CEO Sang-Boo Yoo expressed his...
- Posco making inroads in steel processing space in India.
- News wire article from: PTI - The Press Trust of India Ltd. September 14, 2008 700+ words
Posco making inroads in steel processing space...steel project in Orissa, South Korea's Posco is silently but diligently making inroads...consumer electronics peer LG Electronics, Posco had in 2006 set up a subsidiary at Talegaon...
- POSCO Records Another Smashing Year.
- Newspaper article from: Korea Times (Seoul, Korea) December 29, 1999 700+ words
...adverse conditions, POSCO succeeded in saving...more than 300 billion won, slashing expenses...of these measures, POSCO achieved the best...of over 11 trillion won, with a net pro it...estimated 1.5 trillion won. Not satisfied with the performance, POSCO will pursue three...
- POSCO Strives to Boost Corporate Value.
- Newspaper article from: Korea Times (Seoul, Korea) June 30, 2000 700+ words
...value to 30 trillion won by the year 2004...production of steel, POSCO will engage in digital...Along this line, POSCO announced early this year that 300 billion won will go to venture...increase its value, POSCO aggressively bought...worth 540 billion won, hoping that it will...
- POSCO's Privatization Equals Competitiveness.
- Newspaper article from: Korea Times (Seoul, Korea) June 30, 2000 700+ words
...why privatization is so important for POSCO, the most obvious being the fall in...has been trading at below 100,000 won after hitting a high of over 150,000...so undervalued despite the fact that POSCO is one of the most robust corporations...
- India: Posco explores options to save Rs 2000-cr SAIL deal.
- News wire article from: TendersInfo July 13, 2009 700+ words
...engineering arm of Korean steel company Posco is exploring various options, including...cancel a letter of acceptance it issued to Posco E&C and invite fresh tenders...LOA) issued to us in last August, a Posco E&C spokesman said. Posco has...
- USS-POSCO REQUEST WILL HEAT UP DEBATE OVER VRA EXEMPTIONS
- Newspaper article from: Post-Tribune (IN) December 19, 1988 700+ words
...A. Roskovensky - president of USS-Posco Industries, the Pittsburg, Calif...producers are taking notice of the USS-Posco case because it has the potential of weakening...them in some form, as expected, USS-Posco wants an exemption so it can import hot...
Source: HighBeam Research, POSCO'S STEEL PRICE HIKE TRIGGERS CHAIN REACTION.