Employee of steelmaker POSCO walks at company's headquarters in Seoul
An employee of steelmaker POSCO walks at the company's headquarters in Seoul April 10, 2009. South Korea's POSCO, the world's No. 4 steelmaker, said on Friday it was seeking a 50 percent cut in contract iron ore prices for the year started on April 1. REUTERS/Lee Jae-Won (SOUTH KOREA BUSINESS ENERGY)