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News Breaks | | | | January 29, 2013 | | 05:51 EDT |  | PKX | Posco looks to emerging markets for growth, WSJ reports
The South Korean steelmaker Posco (PKX) will reduce costs and look to emerging markets this year to weather weak demand for steel, reports the Wall Street Journal. The company's Q4 net profit slid 45% from a year earlier, as full-year earnings fell 36%. The company expects 2013 to be another difficult year, but plans to promote products to take advantage of increasing demand in China, India and Southeast Asia.Reference Link | |
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