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18 Aug
01:00

Posco restructures steel ops

South Korea’s Posco is restructuring as part of plans to improve its underlying financial structure, the company says. By creating two larger entities out of five current subsidiaries, the group hopes to cut duplication of business functions and speed up corporate decision-making. All steel distribution and manufacturing plants that deal with carbon, stainless steel and certain plate products will come under the control of Posco Processing & Steel (P…
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