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Iron and Steel News07/14/2010

POSCO's Net Profit Expands by 2.8 Times for Apr-Jun
POSCO, South Korean largest steel maker announced on Tuesday its non-consolidated net profit expanded by 2.8 times to 1.196 trillion won (approximately 88.6 billion yen) for April-June 2010 from the corresponding period of 2009. Steel market price was favorable and steel export to emerging countries increased. Crude steel production increased by 17.3% to 8.363 million tonnes and steel sales volume increased by 11.7% to 7.831 million tonnes. Compared with the previous quarter, crude steel output increased by 1.6% and steel sales increased by 4.8%.


Today's Japan Metal Bulletin E-mail
POSCO's Net Profit Expands by 2.8 Times for Apr-Jun
Steel Makers in Emerging Countries Increase Crude Steel Shares in 2009
CSC to Reduce Price by 4% in September
Japan Ferrous Scrap Consumption to Decrease by 4.3% for Jul-Sep
Japan H-beam Inventory Increases to 200,000t in June

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