POSCO, the world's No.5 steelmaker by output, reported a 51 percent slump in quarterly operating profit as tepid demand and falling prices offset lower raw material costs helped by a firmer local currency.
Posco Posts Biggest Loss Since at Least '10 as Steel Slumps - Bloomberg
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POSCO Holdings 2023 net tumbles 48.5 pct amid steel slump
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Posco Posts Biggest Loss Since at Least '10 as Steel Slumps - Bloomberg