Posco Stock Rallies 49% as Steel Is Now Less Than Half Its StoryBy and
Stock rebounds from decade low with gain in iron ore prices
Steel accounted for less than half of Posco revenue in 2015
Korea’s biggest steelmaker was reeling at the start of the year. Its stock was trading at the lowest level in more than a decade, credit default risk was at a four-year high and profit was at a record low.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.