Posco Stock Rallies 49% as Steel Is Now Less Than Half Its Story

  • 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.

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