BNET Industries
Market Cap:$43.5B
Last Fiscal Year Sales:$34.7B
- Public
Dow Jones Description
POSCO proves that, even in Korea, old monopolies can modernize. Founded in 1968 and headquartered in Seoul, South Korea, POSCO (NYSE: PKX (ADR); SEO: 005490) manufactures and sells steel products. The company produces 31 million tons annually, sold mostly to the auto and shipbuilding industries. It makes plate steel, stainless steel, electrical steel, and wire rods. Its stainless steel products are sold to buyers in the chemical, paper mills, aviation, automobile, construction, and food processing industries. The company has annual revenue of about $27.3 billion and employs about 28,853 people. Among the awards the company received in 2005 were Business Week's ranking of No. 6 on the list of The Best Asian Performers and Forbes' selection as One of Asia's Fab 50 Companies.
Number of Employees 1,000
Contact Information
1 Koedong-Dong Nam-Gu
Kyongsangbuk-Do
Pohang 790-600
(82) 54 220 0114
Peer Companies
NAICS Code All Other Petroleum and Coal Products Manufacturing: 324199
Recent Events
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POSCO NOT INTERESTED IN DAEWOO SHIPBUILDING: CEO
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POSCOE&C-IPO/URGENT
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POSCO BUILDS STEEL PLANT IN VIETNAM TO MEET GROWING DEMAND
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S. KOREAN CO POSCO Q3 NET SLIPS 6.3 PCT ON LOWER STEEL PRICES
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Seoul shares hit 2-mth low; POSCO dives on Q4 woes
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Asia Markets Await U.S. Earnings
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Goldman Sachs Upgraded POSCO PKX to Conviction Buy
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RPT-UPDATE 1-Thainox big shareholder in sale talks, stock surges
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Korea, South:POSCO in talks to acquire the largest stainless steel producer in Thailand
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South Korean Market Trades Firm; Shipbuilders, Steel Stocks Rally
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South Korea Freight Transport: Overall Freight Carried Will Grow By A Reduced Annual Average Of...
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S.KOREA STEELMAKER POSCO TO LAUNCH TITANIUM JV IN KAZAKHSTAN
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Seoul shares seen lower; SK Telecom, POSCO eyed
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David Moenning's Daily State of the Markets: Different This Time Around?
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Seoul shares retreat on exporters, energy issues
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Posco joins hands with Jupiter
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POSCO expands auto steel processing plant in Japan
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Korean Market Recovers After Setback; Banks Rally
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POSCO Power Orders 30.8 MW of FuelCell Energy Modules and Components With Estimated Value of...
News & Analysis
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bhp billiton and posco - All News and Analysis
Steel makers under pressure to unite.
Byline: Greg Earl May 10, 2007 (The Australian Financial Review - ABIX via COMTEX) -- The rumoured merger of Rio Tinto and BHP Billiton in mid-May 2007 has Asian steel makers considering their future and market clout. Nippon Steel, Posco and Baosteel are acquiring...
Asian giants steel against ore price rise.
Byline: Kevin Andrusiak Dec 13, 2006 (The Australian - ABIX via COMTEX) -- Australian mining companies are thought to have commenced the latest round of negotiations on iron ore prices. Asian steel groups, Posco and Nippon Steel, have agreed to work together to...
BHP denies pulling out of Orissa.
May 16, 2005 (The Australian Financial Review - ABIX via COMTEX) BHP Billiton says it is still working on a plan for an iron ore mine, steel plant and port in India. The mining giant has denied media reports that it had withdrawn from a...
BHP set to dump Indian project.
May 16, 2005 (The Australian - ABIX via COMTEX) It is thought that Australian mining company, BHP Billiton, will withdraw from a venture in India. The company was in negotiations for a proposed $US10 billion ($A13 billion) iron ore, steel and port development in...
BHP still has taste for India.
May 16, 2005 (Herald Sun - ABIX via COMTEX) The large Australian miner, BHP Billiton, is considering its options in east India. There is confusion about a planned project in the country. BHP Billiton was rumoured to have been involved in a $A10 billion...
Strong, but squeezed; Steel.(Has the steel industry peaked?)
Steelmakers' prices have soared, but their costs are rising FOR the world's steelmakers, 2004 was a miraculous year of rising demand and soaring prices. They expect more of the same in 2005, and short of a sudden world or merely Chinese slowdown, they may...
NEWS BRIEFS
Posco, a South Korean steel company, announced plans to build an $8.4-billion steel mill in India. And BHP Billiton will provide the iron ore, coal and infrastructure to the plant. The proposed plant would be located in India's eastern state of Orissa. Though plans are in the early stages, Posco...
INDIA: Joint venture construction plans for proposed $8,450,000,000 steel mill, iron ore mine and coke plant, BHP BILLITON [Australia] & POHANG IRON & STEEL CO. (POSCO) [South Korea] Order #: 094004.
PROJECT OVERVIEW: An Australian/South Korean joint venture recently submitted a proposal to the government of Orissa regarding the development of an iron ore integrated business in the state. The partners in the proposed undertaking include Australia-based BHP BILLITON and POHANG IRON & ...
BHP BILLITON, POSCO LAUNCH AUSTRALIAN JOINT VENTURE.
PERTH, Oct 30 Asia Pulse - BHP Billiton Ltd's (ASX:BHP) part-owned new $US213 million Area C iron ore mine in the Pilbara was officially opened today by WA Premier Geoff Gallop. BHP Billiton said the opening of the mine, rail and processing facilities, in which it has a...
This month in mining: BHP Billiton commits to major iron ore project
BHP Billiton has given the go-ahead for development of a new iron ore mine at Mining Area C and an expansion of its Port Hedland port and rail facilities, both in the Pilbara region of Western Australia. Capital costs for the two projects are expected to be $213 million for...
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| Volume | 440,533 |
| Shares Outstanding | 348.7M |
| Market Cap | 43.5B |
| Year High | 150.50 |
| Year Low | 47.090 |
| Earnings Per Share | 13.17 |
| P/E Ratio | 9.4867 |
| Dividend | 1.30 |
| Yield | 1.0472 |
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