Arrium Rejects Increased $1.25 Billion Offer From Noble, Posco

Arrium Rejects Increased $1.25 Billion Offer From Noble, Posco

SeongJoon Cho/Bloomberg

A man rides his bicycle past the Posco steel mill in Pohang, South Korea. Buying Arrium would also give Noble and Posco, Asia’s third-biggest steelmaker by output, a potential 9 million tons in annual supply of iron ore as well as access to as much as 13 million tons a year of port capacity in South Australia.