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Posco Q3 operating profit quadruples on rising steel prices

South Korean steelmaker aims to cut CO2 emissions 10% by 2030

South Korea's Posco is seeing profits soar on rising global steel prices.   © Reuters

SEOUL -- Steel giant Posco's operating profit more than quadrupled in the third quarter from a year ago thanks to rising global steel prices, resulting in record-high quarterly earnings.

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