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 Nov 22, 2009  
 
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Posco to increase steel plants in China
South Korea’s leading steel maker, Posco on Thursday said it plans to increase automotive steel processing centers in China as part of efforts to solidify its presence there.....
 
POSCO opens Vietnam steel mill
The 26-month construction of the plant with an annual production capacity of 1.2 million tonnes cost a total of $528 million. It is the largest-ever foreign investment in Vietnam. It will produce 700,....
 
Steel stocks boom amid bearish market
Leading steel companies witnessed increased buoyancy on the back of strong earnings for second quarter and future outlook from South Korea’s steel major Posco.....
 
Rio Tinto exports 3 millionth ton of iron ore from OZ
The three billionth tonne was loaded on to the Pacific Ruby, a Cape-size vessel berthed at Rio Tinto’s recently expanded Cape Lambert port. The 240,000 tonne cargo consisted of iron ore from the....
 
Posco to split mining, steel projects in Orissa
Posco is expected to start ground leveling work for the project next year. It, however, ruled out the possibility of leaving out Dhinkia, the epicenter of anti-Posco agitation in the project area, fro....
 
Commodity stocks showing renewed heft
Asian share markets were solidly higher Tuesday after a strong night on Wall Street, with commodity stocks showing renewed heft and Posco helped by its better earnings outlook.....
 
Court blow to Posco steel plant
Posco had signed an MoU with Orissa government in June 2005 to build a 12MTPA steel plant by 2016 near Paradip port. The government had recommended for the grant of the prospecting licence for Khandad....
 
Steel giant POSCO cuts steel 19%
Korean steel major POSCO (SEO:005490) has recently announced that it has initiated a stainless steel price cut by 19% on account of fragile market conditions.
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POSCO Japan plant in-line
Korean steel major POSCO (SEO:005490) has announced that it has finally set-up Japan steel plant with annual processing capacity of 150,000 metric tons to be utilised for automobile production.
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Korean POSCO inks steel MoU, stock down
POSCO Co. (SEO:005490) has announced a MoU agreement with Taihan Electric Wire Ltd. to acquire 65.1% of the Korea-based steel maker Taihan ST Co. to strengthen its competitiveness in the stainless ste....
 
Korean POSCO plans Vietnam production
POSCO operates as an integrated steel producer in Korea. The Vietnam mill division holds an annual capacity of 1.2Mt. It will commence a tryout production in July 2009 and supply the Vietnamese indust....
 
POSCO launches Malaysia operations
South Korea’s steel giant POSCO on Wednesday launched its Malaysia operations as part of its expansionary drive into Southeast Asia.....
 
India Steel demand to touch 109 million tons
Demand for steel in India is expected to reach 109 million tons by 2012-13 whereas government has envisaged a total production of 124 million tons, excluding the proposed greenfield projects of Posco ....
 
POSCO to cut stainless steel prices
POSCO, the world's No.4 steelmaker, said on Tuesday that it has decided to cut the stainless steel prices by up to 10 percent due to the decline in prices of nickel, a key raw material in the alloy, i....
 
Posco gets SC clearance for Orissa project
South Korean steel giant Posco’s plans to set up Rs 51,000 crore mega steel plant and captive minor port in Paradeep, Orissa got a boost Friday as the Supreme Court cleared the project.
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South Korea’s Posco eyes North’s raw materials
In an attempt to secure stable supply of raw materials, South Korea’s steel giant Posco on Wednesday said it is holding talks with North Korea on acquiring iron ore and other raw materials.....
 
Posco all set to raise steel prices
 
Red tapism halts Posco’s Orissa project
Commodity Online
NEW DELHI: The Seoul-based Korean steel giant Posco has expressed its concern over the slow progress in obtaining prospecting license for their Orissa project.....
 
Orissa's projects firm despite Posco issues

Commodity Online
Since the government offer several incentives and has a “very good” rehabilitation policy,  the issues involved could be sorted out soon.

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POSCO to launch steel project in Orissa by 2008
 
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