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[www.ferro-alloys.com] Reportedly, Posco has just posted its operating profits was about US$581.89 million, which was better than earlier estimated 611 billion won profits.
The company also pointed out that the seasonal demand rebounded in China market, which led the steel prices went up further. The steel prices has increased by 60% for the year-to-date period, due to tight supply and high construction activity.
POSCO, the world's fifth-biggest steelmaker, said its revenue for the first quarter has dropped by 10% to about US$581.89 million compared to the same period of last year.

(article from Internet for reference only)

• [Editor:Chen Zhen Seng]