Posco Profit Misses Estimates as Weak Steel Demand Erodes Prices

Posco Profit Misses Estimates as Weak Steel Demand Erodes Prices

SeongJoon Cho/Bloomberg

Posco, South Korea’s biggest steelmaker, said today it will seek to expand sales of high-end products including automotive sheets and ship plates and keep its 2013 sales forecast, announced in April, at 64 trillion won.