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South Korea's Posco to stick with Myanmar gas business

Steelmaker says Q1 operating profit soars amid stimulus-induced price rises

South Korean steelmaker Posco is sticking with its gas business in Myanmar.

SEOUL -- South Korean steelmaker Posco said on Monday that it will continue to operate a gas field business in Myanmar as it announced that first quarter operating profit more than doubled thanks to rising steel prices amid strong global demand and production cuts in China.

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