ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

South Korea's POSCO racks up record profit on strong steel demand

Company braces for higher costs stemming from EU Green Deal

South Korean Steelmaker POSCO's operating profit rebounded strongly in April to June, helped by strong demand from global automakers and shipbuilders.   © Reuters

SEOUL -- Steel giant POSCO's operating profit reached an all-time high in the second quarter thanks to strong demand from global shipbuilders and home appliance makers.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more