27
Jan
10:37
Posco's restructuring plan nears completion
South Korean steelmaker Posco says its restructuring plan is nearing completion. The plan is advanced by the National Pension Service (NPS), Posco's largest shareholder with a 9.75% stake, Kallanish notes.
"The NPS gave a positive assessment of the restructuring plan, including ways to strengthen its non-steel businesses, after the firm is divided into a holding firm and a spinoff," a Posco official says.
Kallanish previously reported that…
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Anonymous
Very good overview of the weekly steel market.
Anonymous