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Pohang: three quarters of China Steel City will be stabilized stabilized

South Korean Pohang Iron and Steel Company is the world's fourth largest steel manufacturer recently said to benefit from China's economic stimulus measures, China Steel City will be stabilized in the third quarter of this year to stabilize and moderate rebound.
 
At the same time, Pohang, executive vice president and CFO ParkKi-hong said the the Pohang revenue in the second half of this year in the first half. The second quarter of this year, due to order slowdown and increased steel imports from China, Japan, POSCO's operating profit year-on-year drop 29 percent.



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