A U.S. appeals court has rejected a claim by U.S. steelmaker Nucor that cheap electric power in Korea is a subsidy provided by the Korean government to POSCO.According to industry sources on Oct. 24, the U.S. Court of Appeals for the Federal Circuit (CAFC) ruled in favor of POSCO in its appeal of a
The author is an analyst of NH Investment & Securities. He can be reached at will.byun@nhqv.com. -- Ed. China’s steel prices have risen sharply since the Chinese Lunar New Year holiday. We attribute the increase to economic recovery, high iron ore prices, inventory re-stocking, and seasonal demand e
POSCO, the world's fifth largest steelmaker in terms of steel production, was ranked first in terms of competitiveness for the 10th consecutive year. In particular, POSCO led steelmakers in high value-added products, processing cost, and technology innovation.World Steel Dynamics (WSD), the worl
South Korea's chip giant Samsung Electronics Co. paid 28 percent of its net profit for corporate tax in the first half of this year, which was two times higher than Apple‘s 14 percent.Samsung Electronics is not an exception. The corporate tax burden ratio of the nation’s other leading companies,
The United States government has launched an additional investigation into Hyundai Steel’s cold-rolled steel sheets, taking issue with South Korea’s Special Act on Corporate Revitalization. This investigation is the third of its kind since the beginning of this year, following those related to hot-r
The decision made by President Donald Trump based on the inputs given by his intellectual lieutenant Secretary of Commerce Wilbur Ross to apply twenty five per cent and ten percent tariff on steel and aluminum imports respectively will have a cascading effect across the world. There were similar saf
POSCO Chairman Kwon Oh-joon was appointed as a Vice Chairman of the World Steel Association (worldsteel) at its annual board meeting held in Brussels on October 17.According to the association’s protocol, his term as a head of the association continues until October 2020 and he is scheduled to spend
Korea’s biggest steelmaker POSCO has been named the world's most competitive steelmaker this year.A global steel information service provider World Steel Dynamics (WSD) published this year's World-Class Steelmaker Rankings in New York on June 13 and selected POSCO as the world`s No.1 steelmaker.Acco
According to industry sources, JFE Steel, the second-largest steelmaker in Japan, is planning to set up a joint venture for automotive steel sheet manufacturing in Mexico with U.S. steelmaker Nucor. It is said that the companies will invest 30 billion yen to manufacture 400,000 tons of automotive st
Samsung Electronics shares closed at 1,305,000 won (US$1,132) on July 17, equivalent to approximately 290 percent of the price during the global financial crisis in 2008. Nevertheless, the company’s price-to-book ratio (PBR) stood at 0.96, about one-fifth of Apple’s.This is an example of how underva
POSCO has been named the world’s most competitive steelmaker again this year.Global steel information service provider World Steel Dynamics (WSD) announced the World-Class Steelmaker Rankings during the 30th Steel Success Strategies (SSS) forum on Tuesday, June 9 New York Time. POSCO has topped the