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POSCO/
RTR2LHW5
April 22, 2011
People are seen through a sculpture of POSCO's logo at the company's headquarters in Seoul April 22,...
Seoul, South Korea
People are seen through a sculpture of POSCO's logo at the company's headquarters in Seoul
People are seen through a sculpture of POSCO's logo at the company's headquarters in Seoul April 22, 2011. POSCO, the world's No. 3 steelmaker, reported a 36 percent fall in quarterly operating profit, missing forecasts, hit by high raw materials costs and low demand. The global steel sector, seen as a barometer of the broader economy's health, is facing a margin squeeze as China continues to churn out record steel despite rising interest rates, while raw material costs remain high partly due to persistent rains in Australia delaying production recovery. REUTERS/Truth Leem (SOUTH KOREA - Tags: BUSINESS)
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