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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.

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